DSully1995
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I wasn't talking about just raising wages for the sake of raising wages.
My main point was cutting down to a 35 hour work week, then maybe a 32.5, and eventually to a 30 hour work week in 2-3 decades. I had 3 points with this:
1- For every 8 workers that lose 5 hours ideally you need a new currently unemployed worker to make up for the work that was lost from cutting hours. The math says we need to increase the workforce 12.5% to make up for the loss of hours. The reality wise is companies will continue to find ways to do more with less but don't need 12.5% we only 7.5% to get 100% employment, and even a 3-4% gain of workers would drop the unemployment to very low levels.
2- With new technology advancements workers are becoming more productive so it allowing companies do more with less. This is only going to get worse. My arguement instead of having less people do more, lets have more people do less.
3- There could potentially be numerous benefits for communities, traffic congestion, and other areas of society.
The BIG! downside is that 40 hour a week hourly earning workers are essentially getting a 12% pay cut. I thinking of raise to offset that until wages along with prices of goods and services in the economy adjust.
Oh gotcha. Yes thatd be better overall, but legislating/imposing that in a country so dedicated to freedom and individualism would be a nightmare, foxnews would just be too ecstatic
