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> > We don't need a minimum wage. We need a minimum job - the ability to sell your labour hours for a given price. > Alternatively, we could look at what our a
by squiggleblaz 5y ago
> > We don't need a minimum wage. We need a minimum job - the ability to sell your labour hours for a given price.
> Alternatively, we could look at what our ancestors dreamed of: utilizing automation to reduce the individual workload for everyone and spread it over more people. A future that is not 5x9-5 is possible. 4 workdays of 6h each with a 30min break at halftime would be a starter.
This won't solve the initial problem. The amount of work which gets done defines the amount of activity in the economy, but unemployment is compatible with a range of amounts of activity.
If the goal is to keep about 3% of those who want jobs and could work unemployed, then you will achieve that whether people are working 20 hour weeks or 40 hour weeks. (Actually, the target unemployment is a lot higher than that, because there's plenty of people who want jobs and could work, but who the labor market prefers to redefine as "can't work" or "doesn't want to work". If two people can do the same job, but one person can only do it at half the pace, then we often exclude them from the market.)
- mschuster91 5y ago> This won't solve the initial problem. The amount of work which gets done defines the amount of activity in the economy, but unemployment is compatible with a range of amounts of activity. Right now we have a lot of people that are not working at all even if they wanted... in many households, women stay home for childcare, there are people who don't even register for unemployment because of all sorts of (sometimes willful!) bureaucratic impediments. By reducing the expected per-person workload to 20 hours a week, society would enable all these people to contribute.