Re:Work less, get more: New Zealand firm's four-day week an ...
by yazr on Thursday July 19, 2018 @05:35PM
(#17570499)
Hypothetically, an economy will split into top tier employers (say 10%), and the rest.
The top employers, are usually quasi-monopoly or rent-seeking. So these employees can in fact be a bit less productive, and can enjoy the 4 day week, and the employer can remain highly profitable.
The rest of the economy is a lot more competitive. These employers already offer lower wages. With 4 -day weeks, these employers will basically get 20% less revenue per employee, and have to cut back even further.
So now, the inequality between these 2 sectors will simply become even larger.
This is obviously a very gross generalization.
EDIT: the counter argument is that in an advanced economy, many many more employers are service-oriented and in the 1st group.
The top employers, are usually quasi-monopoly or rent-seeking. So these employees can in fact be a bit less productive, and can enjoy the 4 day week, and the employer can remain highly profitable.
The rest of the economy is a lot more competitive. These employers already offer lower wages. With 4 -day weeks, these employers will basically get 20% less revenue per employee, and have to cut back even further.
So now, the inequality between these 2 sectors will simply become even larger.
This is obviously a very gross generalization.
EDIT: the counter argument is that in an advanced economy, many many more employers are service-oriented and in the 1st group.