Re:Germany trials the four-day workweek: "Free time is inval...
by recursivegirth on Monday June 10, 2024 @08:16AM
(#40632754)
This is a common misunderstanding in the United States, as well.
Re:Germany trials the four-day workweek: "Free time is inval...
by xethos on Monday June 10, 2024 @08:29AM
(#40632851)
Parent stated you earn less per hour, not in total. Tax rate stays below 100%, but increases as you earn more
Re:Germany trials the four-day workweek: "Free time is inval...
by tzs on Monday June 10, 2024 @10:35AM
(#40634095)
Yes, but they also stated that this incentivizes working less instead of working more. Generally if you earn more by working more that is incentive to work more not less so I wanted clarification.
Re:Germany trials the four-day workweek: "Free time is inval...
by lotsofpulp on Monday June 10, 2024 @11:20AM
(#40634560)
Each additional of unit of time you work in a given period of time is one less unit of time for something else.
For example, regardless of taxes, working 8 hours can mean you have dinner with your family. Working 12 hours means more money, but missing dinner with family so the additional 4 hours would need to be compensated more than the first 8.
Taxes would be similar. If setup the tax rate so high, say 90% for the amount of income one would earn for the average wage beyond 8 hours, then there wouldn’t be much reason to give up your leisure time.
Kind of related to this concept:
Unless the marginal tax goes over 100% don't you still earn more total by working more?