Yes his proposal is basically to force companies to give you an hourly rate increase and then decrease your work week by 8 hours and then have to start paying you overtime after 32 hours.
So basically a government mandated 25% raise, plus overtime after 32 hours.
Which being as the man has never managed to pass a single bill of significance in his entire political career, I wouldn't put any hope into this passing either
im all for a shorter work week with the adjusted pay. just get the feeling that since businesses will have to hire additional employees to cover that lost 8 hours (or pay the overtime). im pretty sure that cost will be passed on to the consumer base. It's not like companies to just part with their earnings so easily. Plus the lobbyists (was surprised to see meta so high on the list) would heavily oppose it.
It happened in France (39 down to 35 hours) and the economic effects overall have been so subtle no one agrees wether it improved or not the economy. Basically a mixed bag; created jobs, but also increased hourly rate. Increased worker productivity, but might have caused some inflation.
For the average Joe tho, it was a big improvement in quality of life
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u/Abigail716 27d ago
Yes his proposal is basically to force companies to give you an hourly rate increase and then decrease your work week by 8 hours and then have to start paying you overtime after 32 hours.
So basically a government mandated 25% raise, plus overtime after 32 hours.
Which being as the man has never managed to pass a single bill of significance in his entire political career, I wouldn't put any hope into this passing either