Billionaires Barry Diller and Steve Cohen added to four-day workweek debate as support for the idea rises and companies that made the move say it's a win.
The idea and the reality will be different. I work on commission. Not being available would cost me a lot of money.
Imagine we already have a nursing shortage. Now we cut their hours and we have an even larger shortage.
We’d have to pay more in taxes to hire more cops, firefighters, etc.
In a labor market like we have. It would radically increase cost and taxes.
It’s something that sounds great on paper but in the real world it falls apart pretty quickly when forced
Sure, I work in healthcare and any clinician (nurse, doc, etc.) would be seriously impacted. It’s an industry where most companies are in the red, especially post-COVID. Cutting hours would be impossible.
But, there is also an argument to be made that we need to radically restructure things. CEO pay has ballooned relative to entry level jobs and this pushes for a rebalancing of that. Healthcare CEOs, at least in most non-profit/teaching health systems, aren’t paid anything like other CEOs.
CEO pay has ballooned relative to entry level jobs and this pushes for a rebalancing of that
I’d fully support a ratio for anyone public company. You want to be on the stock market. Fine. You’re total compensation can’t be more then 20x the lowest employee.
The idea and the reality will be different. I work on commission. Not being available would cost me a lot of money. Imagine we already have a nursing shortage. Now we cut their hours and we have an even larger shortage. We’d have to pay more in taxes to hire more cops, firefighters, etc.
In a labor market like we have. It would radically increase cost and taxes.
It’s something that sounds great on paper but in the real world it falls apart pretty quickly when forced
Sure, I work in healthcare and any clinician (nurse, doc, etc.) would be seriously impacted. It’s an industry where most companies are in the red, especially post-COVID. Cutting hours would be impossible.
But, there is also an argument to be made that we need to radically restructure things. CEO pay has ballooned relative to entry level jobs and this pushes for a rebalancing of that. Healthcare CEOs, at least in most non-profit/teaching health systems, aren’t paid anything like other CEOs.
I’d fully support a ratio for anyone public company. You want to be on the stock market. Fine. You’re total compensation can’t be more then 20x the lowest employee.