8 ms·
That 1/5 hit is enough to turn a +10% return to -10%.
by madengr 7y ago
That 1/5 hit is enough to turn a +10% return to -10%.
- kennywinker 7y agoIf your business model requires miserable employees, your business should not exist.
- HatchedLake721 7y agoSo running a business and requiring your employees to work 5 days, 35-40 hours a week like the rest of the western world (excluding 966 and other countries that work even more), suddenly my business should not exist because you believe everyone working there is now miserable because they have to show up at work 5 times a week instead of 4? Are you ok?
- newen 7y agoIf 6 day work weeks are common, you would be making the exact same bogus argument.
- necovek 7y agoYou conveniently choose to ignore the cited research that says that employees are "happier" when they work 4 day weeks. Or are you simply being pedantic and arguing the use of "miserable"? If human civilization is to go further, we need to recognize some of our generic assumptions. Work is a means to an end, most commonly a means to support oneself and one's family. It should support us in our basic needs (shelter, food, clothing), and allow us to put our creative and intelligent side to better use. Sure, some would spend all of their time playing PS4, but by opening up opportunities for everyone in the civilization, civilization as a whole should see progress. If you don't believe in benefits of the civilization and how it has advanced through history mostly through people with spare time (usually higher classes, but with spare time becoming more accessible, through everybody in the past ~100 years), I am sure you are fine with a bigger, stronger dude walking in and taking your car keys and driving off (that was the status-quo at a distant point in history).
- imgabe 7y agoShowing that people believe they would be happier with some alternative does not imply that they are miserable in the current state. One might be happy making $100k per year. Would they be happier making $1M / year? Yes, probably. That doesn't mean they aren't happy to begin with.
- necovek 7y agoThank you for being pedantic in place of the OP :) I've acknowledged that there is a distinction between "happier" and "miserable" by claiming that in the terms of this discussion, it's "pedantic". I.e. the posters who first used "miserable" did not mean miserable in the real sense of the word: I understood it as use of extremes to draw a point. Just like you did not compare $100k and $101k which would mostly be irrelevant in regards to happiness (but if every employee got 1% raise, that might be close to 1% of your operating costs), but you used an example with an order of magnitude difference. I'd argue that the baseline is complacent workforce, so the argument could have been: do you really want your employees to be complacent?
- IWeldMelons 7y agoYea right. 150 years ago there was no such a thing as 5 work days weeks. And then suddenly, we had got it, across all of the western (and eastern world). And we have it now, and not a single developed country repealed these laws.
- deleted 7y ago[deleted]
- dang 7y agoPersonal attacks are not ok here. Also, please review the site guidelines, which include: "Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- dang 7y agoPlease don't post unsubstantive comments that take a thread further into flamewar.
- fwip 7y agoOnly if labor is 100% of your costs.
- bryanlarsen 7y agoIf you do it unilaterally, yes. However, if your competitors are forced to make the same change at the same time, prices will adjust to compensate.
- drivingmenuts 7y agoThey’ll go up to make up for loss in profits.
- jammygit 7y agoForced to? Even if it forces small businesses out of business? I don’t think that forcing people to do things is ideal, personally.
- kennywinker 7y agoWe already “force” people to do all kinds of things. We call them labour laws, safety regulations, minimum wages. These are all mostly good things.