You think prices are high now? Just wait and see what happens if this bill gets passed. Employers will have to hire more workers to fill the 8 hour void and pay for their benefits. The good news is Biden will say he created those jobs.
As long as they pay them per hour and not subsidizing them for the hours they don't work.. Then again, 12 hours shifts will will do it, then again @Steve N point is the real point..
This is not happening in a vacuum. This goes hand in hand with Democrat price controls that will lower prices so that people can survive this change in the work week.
Price controls just mean things cost the same but there's way less of them, so instead of not being able to afford things, you just can't find them at all. How many meals per week can you make out of nothing but canned yams?
If you want conspiracy theories, then this bill is coming on the heels of inflation data that says Inflation is rising again. Now, the government needs an excuse to take money out of the economy. One way to do this is to reduce the amount of currency needed to be in circulation.
Well if anyone thinks that'll improve things then we're being governed by even worse morons than we thought... reducing productivity is not how to help people be able to afford more stuff.
I'm assuming companies aren't going to want to start paying a bunch of overtime, so they'll hire more employees and part timers, if they can. This will just mean the average person gets a 32 hour wage each week instead of 40, helping nobody.
"more employees and part timers" being immigrants, most likely. Which would help just them and screw the rest of us.
Welp, that's $480 less on my paycheck per month which translates to $5,760 less I'll make per year. WTG Sanders. You turned my 32k/yr income into $26,240/yr.
The demand for the eight-hour day, assertively proclaimed on the pocket watch, was first expressed by Karl Marx at the Geneva Congress of the International Workingmen’s Association in September 1866, when he stated: “We propose 8 hours’ work as the legal limit of the working day.” That proves Bernie is a Marxist.
Nope. The bill says you get your full 40 hour pay for 32 hours worth of work. If large corps really run this country, then those corps will make sure this bill gets Hillary'd.
If we had a centrally funded healthcare system it would cost half as much and make up for some of the lost hours. But what we have instead is a centrally-funded military that pays out for any and all wars including ones nobody wants, for objectives that don't make any sense.
It's actually something that should have happened a generation ago when globalization killed Union Jobs and employers like (especially) Wall-Mart got a law passed that people that worked 32 hours a week or less weren't eligible for benefits or over time. So, not only weren't people getting a full 40 hour week, they also weren't getting ANY benefits. So the end result was people had to work two jobs just to have any hope of keeping food on the table and, with the cost of health care, they most often went without.
They can pass that right along not allowing politicians or their spouses to own stocks while in office.
This is going to be a very unpopular post of mine. That's a cute one liner that works on a stereotype. Do you happen to know how many hours a week your average Senator or Congressman actually works? I think is more of a question about when they are really allowed to stop working. Holding a major public office is not for sissies.