I understand the arguments for the four day work week as it relates to reforms (such as the hours threshold for receiving healthcare could be lower) but that does not seem to be what this author is talking about here.
I understand the arguments for the four day work week as it relates to reforms (such as the hours threshold for receiving healthcare could be lower) but that does not seem to be what this author is talking about here.
https://www.4dayweek.com/casestudies
https://hn.algolia.com/?q=4+day+week+success
https://en.wikipedia.org/wiki/Parkinson%27s_law
https://www.economist.com/news/1955/11/19/parkinsons-law
(Prices will rise and neutral inflation rate higher than historically regardless due to structural demographics globally; importantly, labor has power to enact change as the working population cohort shrinks)
There are already shortages of bus drivers because the pay is insufficient for the work. This is good, because when there is surplus labor, stakeholders will say “thems the breaks.” Better to be perpetually starved of labor and force systems to adapt.
https://www.epi.org/blog/the-school-bus-driver-shortage-rema...
This idea that we should prioritize dividends and capital appreciation over the happiness and mental health of the masses... it's disgusting.
This gets attempted once a generation somewhere in the world. The problem is when you devalue capital, it isn’t maintained. The only way your equation balances is with a massive jolt to TFP. There isn’t a free lunch in reducing labour; we must be realistic about the tradeoffs involved.
I believe we agree organizing and unionizing is mostly the path to success here, due to unreasonable consumers and capital investors. Some jurisdictions might update labor law perhaps, lots of emotional and behavioral inertia to overcome though (along with plain ol' extractionist justification and belief systems).
This fails to explain a lot of people, such as most artists.
Of course, it also coincided with a supply chain shock but we ought to be honest that we cannot guarantee a tight labor market will result in Americans being materially better off.
And besides, why do you need a government to mandate that and force people to do it? They aren't any laws forbidding working less and both parties can decide that a particular contract covers a 4-day work week.
It's a bad idea to regulate something that don't need regulation.
If you can convince the employees that you're on the same team, they might also be more open to communicating inefficiencies like "this process is crap, if you change these steps you'll have fewer defects and the line will run faster". Saving EVEN MORE money and time.
In many areas you could just provide less hours of services, thus lower costs. But in some this is just not possible and those will cost more.
Production lines don't need to run 24/7. Advances in automation, and productivity in general, could also close the gap.
I'm so tired of this idea that the point of life is to produce more and more and more. That degenerates into the point of life being to work and work and work. It's dumb. Human lives could be so much more.
It is not at all clear if (or how) productivity would go up in most other jobs, including construction, factory work, barbers, nurses, garbage men, chefs, etc. While technology may make it possible that people are productive per hour, there is no study or even pathway for how a chef (for instance) could produce more meals in 32 hours than 40.
Highlighted results:
* Faster call response times across the 6 month trial
* Faster responses on Priority 1 calls (e.g., crimes in progress, life threatening emergencies) for 4 of 6 months
* 3x increase in code enforcement (e.g., parking tickets)
* 79% decrease in overtime spending
* -304 hours/month of overtime
* 50% drop in resignations and retirements (!!)
I think you are merging too much of it here. I was born in communist regime and as far as I can remember degrowth was never popular.
Citation: trust me dude
I don't really recall getting upset at prices of things going up unless I perceive that the price change has no correlation to the value delivered. I get angry when my cable internet bill would go up $20 every quarter because they were selling me the same (terrible) service still, for a higher price. Just helping themselves to a larger portion of my monthly income while delivering the exact same product.
Or you have the even worse version of that, streaming services that raise their prices, as they're removing content from their libraries.
Conversely, I've personally known tons of people who buy higher priced products for the perceived value they gain. That's an utterly normal thing.
(And honestly, for people on a fixed/limited income, food prices going up are probably a fairly reasonable thing to be upset about!)
Irrespective of the larger economic forces at play there, if you're simultaneously whining about how you need to raise your prices because everything is expensive, or worse still, doing it because your laborers are demanding better wages, while not paying said wages and charging more and then posting record profits? I think people have every right to call your price rises bullshit.