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One way to think about it is that you’re getting a 20% pay bump. It’s not 1:1 exactly but I’m willing to bet a lot of people would trade certain perks for a 20%
by syntaxing 3y ago
One way to think about it is that you’re getting a 20% pay bump. It’s not 1:1 exactly but I’m willing to bet a lot of people would trade certain perks for a 20% bump. But it’s a net loss for society to remove these perks. Being young means you don’t need these perks. You don’t give a damn about healthcare, child care, or life insurance. But you most likely will in a decade and getting it back these perks would be nearly impossible after you trade short terms gains for long term loss.
- hackideiomat 3y agoI'm willing to bet people with a 4 day week need their health insurance way less. (on average)
- kevincox 3y agoI don't think this is a reasonable way to think about it. You are getting 20% more *per hour* but that isn't the same as a 20% pay bump. It doesn't help you afford a house, raise kids or buy luxuries. (Unless you use that extra 20% time to find a different job that pays similar). Personally I would switch to a 4 day week with 20% less salary. I would probably even be more than 80% of my current productivity because I'm definitely less productive on many Fridays.
- ellisv 3y agoThe pay might be the same but you’d have more time for other things, which could include more work. One reason I stopped consulting on the side was a lack of time. Even my hobby projects have taken a backseat these days. I imagine some people would choose to work a part time job or learn a new skill, which would increase their income potential in the long run.