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Is it too obvious to suggest that this would decmiate disposable income, which would spread low demand across sectors of the economy which would otherwise be immune?

That's why it's bad - with a four day week some workers might at least consider second jobs, small businesses or other sources of income.

With the same hours being worked for less cash, spending drives off a cliff and demand falls even further, while unwanted products continue to pile up, because buyers can't afford them.

The UK solution has been to temporarily lay off workers, sometimes with minimal pay, sometimes with nothing at all. That doesn't work any better.

But the problem is strategic. It's not that there isn't useful work these people could be doing, and being paid for.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Mar 3rd, 2009 at 12:41:17 PM EST
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