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In jobs where people get paid hourly and have access to overtime, they compete with each other to get those extra hours. Revealed preferences say they want the

In jobs where people get paid hourly and have access to overtime, they compete with each other to get those extra hours. Revealed preferences say they want the money more than the time.

Scarblac 2y ago
In the US, or in Europe?
yungporko 2y ago
that's most likely because the people who work those jobs are usually struggling to make ends meet and desperately need every penny they can get. if their needs were met, i'm certain that would change.
- KenArrari 2y ago
  Well that amount of money is what Europeans are living on (even with typically higher costs of living), so it's still not a tradeoff people would make.
  - yungporko 2y ago
    that statement is absolute gibberish. "what europeans are living on" and their cost of living varies massively by country or even by town/city.
- PopAlongKid 2y ago
  >the people who work those jobs are usually struggling to make ends meet You are omitting the large swath of government and civil-service type employees - cops, firefighters, transit workers, utility field workers - whose base salary alone avoids "struggling to make ends meet", but they still want that overtime because time and a half or doubletime at their income level is quite lucrative, plus it helps to spike their eventual pension amount (although lawmakers are slowly wising up to that and cutting off the opportunities for new hires, although they can't change the deals the current workers already negotiated).
bryanrasmussen 2y ago
Ok well it could be that when people get paid hourly and don't make enough money they will compete for access to overtime, but also as the term overtime generally means significantly more money that normal time it makes sense that the hour is worth two hours. I probably wouldn't compete for overtime at my job, but when I was working as a consultant I would because double consultant wages is a big thing, also because consulting means that one should increase intake during times of employment because you may have times when you have no intake at all.

In jobs where people get paid hourly and have access to overtime, they compete with each other to get those extra hours. Revealed preferences say they want the money more than the time.

Scarblac 2y ago

In the US, or in Europe?

yungporko 2y ago

that's most likely because the people who work those jobs are usually struggling to make ends meet and desperately need every penny they can get. if their needs were met, i'm certain that would change.

KenArrari 2y ago
Well that amount of money is what Europeans are living on (even with typically higher costs of living), so it's still not a tradeoff people would make.
- yungporko 2y ago
  that statement is absolute gibberish. "what europeans are living on" and their cost of living varies massively by country or even by town/city.
PopAlongKid 2y ago
>the people who work those jobs are usually struggling to make ends meet You are omitting the large swath of government and civil-service type employees - cops, firefighters, transit workers, utility field workers - whose base salary alone avoids "struggling to make ends meet", but they still want that overtime because time and a half or doubletime at their income level is quite lucrative, plus it helps to spike their eventual pension amount (although lawmakers are slowly wising up to that and cutting off the opportunities for new hires, although they can't change the deals the current workers already negotiated).

bryanrasmussen 2y ago

Ok well it could be that when people get paid hourly and don't make enough money they will compete for access to overtime, but also as the term overtime generally means significantly more money that normal time it makes sense that the hour is worth two hours. I probably wouldn't compete for overtime at my job, but when I was working as a consultant I would because double consultant wages is a big thing, also because consulting means that one should increase intake during times of employment because you may have times when you have no intake at all.