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Wages would also go down, maybe not proportionally but people do not do the exact same amount of work in 6 hours as in 8 hours. To make up for the lost producti
by Scarblac 11y ago
Wages would also go down, maybe not proportionally but people do not do the exact same amount of work in 6 hours as in 8 hours. To make up for the lost production, some more people would be hired who are currently out of a job.
Average wage goes down, but more people have jobs.
However, due to progressive tax system, that leads so less tax being earned (two people earning $x each pay less than one person who earns $2x and another who earns nothing).