Billionaires Barry Diller and Steve Cohen added to four-day workweek debate as support for the idea rises and companies that made the move say it's a win.
It has happened at some companies. We didn’t need a law. The company and employees decide what was best for them.
If I went to a four day work week, it’d cut my pay by about 100k. No thanks. Since I don’t work much per day, I’ll gladly do the 5 for the extra money.
Well, the idea behind the law is that you keep your current pay. I just think it’s impractical in situations where pay is driven by commission or where margins are cutthroat
Yeah, those are both valid points. Although I’d also say that bills like that do get introduced, probably with much greater odds of passing than this one.
I know many people with shit vacation. I think Everyone can get behind a minimum standard for vacation. Everyone should support a 401k match since pensions for the most part aren’t coming back.
The idea and the reality will be different. I work on commission. Not being available would cost me a lot of money.
Imagine we already have a nursing shortage. Now we cut their hours and we have an even larger shortage.
We’d have to pay more in taxes to hire more cops, firefighters, etc.
In a labor market like we have. It would radically increase cost and taxes.
It’s something that sounds great on paper but in the real world it falls apart pretty quickly when forced
Sure, I work in healthcare and any clinician (nurse, doc, etc.) would be seriously impacted. It’s an industry where most companies are in the red, especially post-COVID. Cutting hours would be impossible.
But, there is also an argument to be made that we need to radically restructure things. CEO pay has ballooned relative to entry level jobs and this pushes for a rebalancing of that. Healthcare CEOs, at least in most non-profit/teaching health systems, aren’t paid anything like other CEOs.
CEO pay has ballooned relative to entry level jobs and this pushes for a rebalancing of that
I’d fully support a ratio for anyone public company. You want to be on the stock market. Fine. You’re total compensation can’t be more then 20x the lowest employee.
It has happened at some companies. We didn’t need a law. The company and employees decide what was best for them. If I went to a four day work week, it’d cut my pay by about 100k. No thanks. Since I don’t work much per day, I’ll gladly do the 5 for the extra money.
Well, the idea behind the law is that you keep your current pay. I just think it’s impractical in situations where pay is driven by commission or where margins are cutthroat
Honest I’d rather see mandatory vacations, mandatory 401k match, etc. I think those are more important.
I’d rather see 4 weeks of vacation required by law or a 10% of your pay put into a 401k.
Yeah, those are both valid points. Although I’d also say that bills like that do get introduced, probably with much greater odds of passing than this one.
I know many people with shit vacation. I think Everyone can get behind a minimum standard for vacation. Everyone should support a 401k match since pensions for the most part aren’t coming back.
The idea and the reality will be different. I work on commission. Not being available would cost me a lot of money. Imagine we already have a nursing shortage. Now we cut their hours and we have an even larger shortage. We’d have to pay more in taxes to hire more cops, firefighters, etc.
In a labor market like we have. It would radically increase cost and taxes.
It’s something that sounds great on paper but in the real world it falls apart pretty quickly when forced
Sure, I work in healthcare and any clinician (nurse, doc, etc.) would be seriously impacted. It’s an industry where most companies are in the red, especially post-COVID. Cutting hours would be impossible.
But, there is also an argument to be made that we need to radically restructure things. CEO pay has ballooned relative to entry level jobs and this pushes for a rebalancing of that. Healthcare CEOs, at least in most non-profit/teaching health systems, aren’t paid anything like other CEOs.
I’d fully support a ratio for anyone public company. You want to be on the stock market. Fine. You’re total compensation can’t be more then 20x the lowest employee.