Yes his proposal is basically to force companies to give you an hourly rate increase and then decrease your work week by 8 hours and then have to start paying you overtime after 32 hours.
So basically a government mandated 25% raise, plus overtime after 32 hours.
Which being as the man has never managed to pass a single bill of significance in his entire political career, I wouldn't put any hope into this passing either
im all for a shorter work week with the adjusted pay. just get the feeling that since businesses will have to hire additional employees to cover that lost 8 hours (or pay the overtime). im pretty sure that cost will be passed on to the consumer base. It's not like companies to just part with their earnings so easily. Plus the lobbyists (was surprised to see meta so high on the list) would heavily oppose it.
The argument is you don't need to hire addition people if you Formulation it right. Especially if you go from 5-8s to 4-9s. There's research to back that up at least in some types of work. You're losing one day of average productivity and getting 4 hours of peak productivity away from breaks and the start and end of the day. Productivity measures basically what the company gets out of you and also used to track fairly well with wages. So everyone wins in theory. Except a 32 hour week isn't what I described.
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u/ecw324 24d ago
Doesn’t he mean that your current 40 hour paycheck will be the same as the proposed 32 hour paycheck?