Depends on the situation. Suddenly going to 60% of the work load isn’t suddenly going to make the country or it’s people more productive. You’d need to hire more people to get the work done and Finland’s unemployment rate is already at 13%. So this would be a pretty poor solution when it comes to economics for everyone, unless you pay people less because they are working less hours.
I have thought of this. Paying people less could work out alright if you bring down their living costs. Housing is most of that and a lot of that cost goes to profit for banks.
Bring the cost of housing down and a lot of people will probably be happy to reduce hours worked. If you have a high unemployment rate there should be plenty of people to cover those extra hours too.
Depends on the situation. Suddenly going to 60% of the work load isn’t suddenly going to make the country or it’s people more productive. You’d need to hire more people to get the work done and Finland’s unemployment rate is already at 13%. So this would be a pretty poor solution when it comes to economics for everyone, unless you pay people less because they are working less hours.
I am quite curious on what the science will say on this.
We need another experiment.
I have thought of this. Paying people less could work out alright if you bring down their living costs. Housing is most of that and a lot of that cost goes to profit for banks.
Bring the cost of housing down and a lot of people will probably be happy to reduce hours worked. If you have a high unemployment rate there should be plenty of people to cover those extra hours too.
Erm, this will either cut profits for the sellers, or the pay will go down way more than the housing price.
But I also see there being hidden economic benefits to having more free time.
More time to stitch, repair, learn, take care of yourself.
Less medical costs and damages.