Earlier quoted context omitted.
I'm a little worried about how that would affect the lower class in the short term. It's easy to say that they'll get more money as they'll get a day of overtime, but I think it's more likely that a lot of people will find that businesses just staffed up more for low skilled positions (and eventually for skilled positions), and then people have more time but are only making 80% of what they were previously, and can't…
I'm not saying to abolish the minimum wage. I'm just saying to reduce the nominal workweek before overtime. > just staffed up more for low skilled positions (and eventually for skilled positions), There's not an infinite supply of bodies out there. It's not clear where you'd just "find 10% more people"-- at least not without raising comp. And, of course, getting closer to full employment is a good thing in itself...…
Well, you just gave millions of low-income workers 10% less money and 10% more time, so my guess is that more people would be forced to get a second job.