3 ms·
My initial thought was: 'Why does this need to be top-down mandated by the law?' but it turns out the article addresses this: > Critics argue that it’s fine if
by Gunax 3y ago
My initial thought was: 'Why does this need to be top-down mandated by the law?' but it turns out the article addresses this:
> Critics argue that it’s fine if technological advances deliver the shorter workweek without government intervention, but that “top-down” interference in the free market is a bad idea. This idea doesn’t stand up to even cursory scrutiny. If the reduction in hours was going to happen without being mandated, it would have happened long ago.
But that doesn't actually answer the question of whether people want this. It could be that we would rather put increasing gains towards more money, rather than towards reducing working hours.
The second reason I am skeptical is that higher income people apparently work more than the average. Presumably, those with high incomes have the negotiating power to reduce their hours. So we would expect this change to start at the top and trickle down, if that is what people wanted.
I also came across a bunch of people arguing that reducing work hours will lead to more inequality, if that's a thing you care about.
Ofcourse, I realise a lot of this libertarian work week is an ideal, and most people don't feel like they have a choice.
- globalreset 3y agoLabor market is a competitive environment. It's not "I'll work less hours and buy a new car less often". It's "I need to save for a down-payment and I'm competing with people that work 40 hours or more" on top of "and don't have kids", and "both partners are working". The employer is thinking "I can hire someone that I have pay the insurance and other costs that works 40 hours, or someone I have to pay the same insurance and costs and works 32 hours". In a world in which labor was always scarce, and anyone is always in demand, it might have happened, but that's not the world we live in. It's actually a world in which having a good job is scarce, and home ownership is scarce, and a lot of other resources (services) are also scarce. Now - from a libertian-ish perspective - why jobs are scarce is another story, but we would first need to fix that.