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If I have been earning five days' pay for five days' work, and am suddenly reduced to four days' pay for four days' work, that's going to hurt.

Enough, possibly, to make me unable to decline an offer from another company for four and a half days' pay for five days' work.

Isn't that a mechanism by which this could contribute to wage deflation?

by Sassafras on Wed Mar 4th, 2009 at 05:28:33 PM EST
[ Parent ]
What this is in effect a reduction to a six hour (or well, six hour and 24 minutes) workday. Supporters of stuff like the French 35 hour workweek should be celebrating...

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Mar 4th, 2009 at 05:45:16 PM EST
[ Parent ]
Hmm,

we continentals are boring people sticking to jobs, hoping for better times.
I really don't think that a lot of people working shorter are changing their jobs. Industry jobs are relatively well paid. It doesn't necessarily pay more to switch job, when you have some qualifications for what you do, and the most likely employers for you all have the same collective bargaining agreement with the unions. And if the economy goes up, an increase in worked hours is easier to reestablish, than a fight on higher hourly wages won - plenty of examples for that.

More over, who is going to offer you any job in these times? There are few corporations, that suffer from undercapacity. They are happy, when they have work for the people, that they already have.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers

by Martin (weiser.mensch(at)googlemail.com) on Wed Mar 4th, 2009 at 07:07:03 PM EST
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