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> even people making >100K are reporting that they feel like they can't get ahead, let alone people who make less than that. This law doesn't give most people
by usaar333 3y ago
> even people making >100K are reporting that they feel like they can't get ahead, let alone people who make less than that.
This law doesn't give most people more money; it incentives employers to restrict work hours to 40 a week. If anything, the output is less take home money.
How many people earning over > $100k are in such a captive position they can't find a job that pays similar per hour but tends to not exceed 40 hours a week?
- lotsofpulp 3y ago> This law doesn't give most people more money; it incentives employers to restrict work hours to 40 a week. If anything, the output is less take home money. Thereby decreasing supply of labor, which would cause the price of labor to increase. Or people to have more time at home with their families and community.
- usaar333 3y agohttps://en.m.wikipedia.org/wiki/Lump_of_labour_fallacy https://en.m.wikipedia.org/wiki/Lump_of_labour_fallacy The net effects are likely lower household income across the board as this law systemically harms productivity. For instance, constraing childcare hours constrain parent work hours, etc. > Or people to have more time at home with their families and community. Yes this is where I agree you may have positive social benefits.