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12-09-2012, 07:32 PM
Join Date: Jan 2009
Location: Buffalo NY
Originally Posted by
But the reduced productivity would mean that they'd have less money to spend on the extra day. So the impact might be negligible.
Basically, one would expect the labor market to naturally adjust such that people find the optimal balance of free time and work on their own individual utility curves. Someone who value a 4 day work week will seek jobs that allow that flexibility. Someone who feel they need the extra income of a 5th day will seek those jobs...etc.
It should be noted that many (if not most) people at some basic level also derive utility FROM their job and the satisfaction that comes with being a productive member of society.
Well, not everybody works hourly jobs. Also, I value a 1 day work week and would love to work that, but I don't think I could find a place willing to pay me enough to make a living and only work one day. It's not so much what the work-force desires, but what employers are willing to do.
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