Bernie Sanders unveils 32-hour workweek bill
thehill.com
Sen. Bernie Sanders (I-Vt.) on Wednesday introduced a bill to establish a standard four-day workweek in the United States without any reduction in pay. The bill, over a four-year period, would lowe…
  • Feathercrown@lemmy.worldEnglish
    6·
    1 year ago

    Actually, you’d need to charge 25% more if you only had 80% of the work to match your current profits (considering only the time and materials for that product and ignoring all other business expenses / taxes / etc.), since 1/0.8 = 1.25. If the worker makes 1 widget a day, you need 25% extra per day to make up the lost widget and still make 5 widgets worth of profit.

    • yarr@feddit.nlEnglish
      5·
      1 year ago

      Thanks for the correction. I believe my overall point still remains valid.

      • Feathercrown@lemmy.worldEnglish
        5·
        1 year ago

        Even moreso than before! I’ll be watching this thread, I’m curious how people are modelling the economic outcomes here.

    • meowMix2525@lemm.ee
      2·
      1 year ago

      ignoring all other business expenses / taxes / etc.

      …what business sector are we modeling where these are as negligible as you’re treating them to make this point???

      If you’re just here to correct the math then fine but at least be honest about the reality of what you’re calculating

      • Feathercrown@lemmy.worldEnglish
        2·
        1 year ago

        Yes, I was just correcting the math. There are a lot of factors here and I don’t know what the actual cost-benefit analysis would be.