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The rest of the world will look to use 4 day work week as a way to put downward pressure on salaries. China hasn't really needed to put too much downward press
by ActionHank 3y ago
The rest of the world will look to use 4 day work week as a way to put downward pressure on salaries.
China hasn't really needed to put too much downward pressure on salaries.
- toomuchtodo 3y agoUnions and labor regulations are important components of arriving at the desired outcome. You have to keep pulling the policy ratchets to reduce the work week and bolster worker protections, otherwise capitalism will extract until there is nothing left.
- ActionHank 3y agoGood thing that so many white collar jobs are unionized then /s
- chihwei 3y agoUntil you realize more and more of your stuff are not just Chinese made, but Chinese branded, by those 996 manufacturers.
- ActionHank 3y agoI am not sure how this pertains to my comment
- rkuodys 3y agoCan you please elaborate on "downward pressure". Because the way I see it, 4day work week should actually increase the salaries, not reduce it. The way I see - if there is work for 3200 hrs. - it could either be done by one person in 80 weeks (current setup), OR 100 weeks in new setup. Assuming next that velocity should remain the same to keep competitiveness, it's gonna require you to hire not 0.25, but probably 0.5 person for one day free. Hence demand increase for employees. No?
- ActionHank 3y agoBusinesses will seek to pay less for less days worked whilst still expecting the same throughput. If they are not getting the same throughput why would they support this change?