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Bring Back the 40-hour work week (March 2012)

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Re: Bring Back the 40-hour work week (March 2012)

#61
The article is self-contradictory.

It argues at length that working more than 40 hours a week reduces your output, then states: "And it hurts the country, too. For every four Americans working a 50-hour week, every week, there’s one American who should have a full-time job, but doesn’t. Our rampant unemployment problem would vanish overnight if we simply worked the way we’re supposed to by law."

The math they're using there 50 hours x 4 employees = 40 hours x 5 employees is either wrong, or the rest of the article is.

Re: Bring Back the 40-hour work week (March 2012)

#62
post #57
post #40

Earlier quoted context omitted.

though still very far off the mark of paying employees according to the value that they produce Employees aren't really compensated for increases in output that are achieved through standard business practices, technology, automation, etc. That's because their relative input remains the same. Same input, same salaries. If I'm starting a business mass-producing widgets and I fund the machinery, process development, an…

In that case, you will be forced to drop prices, because your competitor's are probably doing the same (otherwise you'll run out of employees rsn). If prices are falling across the board, people don't need to earn wages as high as before since they can reproduce themselves at the same level with less income. I'm not sure there's any value to this kind of armchair economics.

As I said, the machines and the software and the automation produce value. That's a given in this scenario and in lots of businesses currently in existence.

If we're going to have any value in a forum at all, we need to at least make an effort to read and understand the arguments of posters before posting straw men.

Re: Bring Back the 40-hour work week (March 2012)

#63
post #49

40 hours? No. Average worker productivity has skyrocketed since 1980 with the introduction of computers and automation technology. Salaries have remained flat. A 20 hour work week with the same salary would be far more reasonable (though still very far off the mark of paying employees according to the value that they produce).

(though still very far off the mark of paying employees according to the value that they produce). That's not how capitalism works.

A thing is worth only what another is willing to give for it.

Re: Bring Back the 40-hour work week (March 2012)

#64
post #59
post #40

Earlier quoted context omitted.

though still very far off the mark of paying employees according to the value that they produce Employees aren't really compensated for increases in output that are achieved through standard business practices, technology, automation, etc. That's because their relative input remains the same. Same input, same salaries. If I'm starting a business mass-producing widgets and I fund the machinery, process development, an…

I'd assume you apply the same policy to the fact that the cost/productivity of machinery, process development, software means that for the same input share holders should be getting the value of a similar business of equivalent market share back in the day as well. If the money is not staying in the business you have a few choices if productivity increases, spread it around, funnel it up, or funnel it down. Since I b…

Funneling it up and funneling it down rewards the people who created the productivity increases.

Spreading it around rewards an orthogonal group that did nothing to create the productive output and will siphon off it like a parasite.

Spreading it around is inherently a worse way to decide where value should flow through a society; especially one as culturally diverse (ie, filled with many self-interested constituencies) as here in the US.

[edit: So sad that on a site dedicated to the entrepreneur, arguments that promote entrepreneurship and rewarding good choices and hard work are moderated into the dirt..]

Re: Bring Back the 40-hour work week (March 2012)

#65

Perhaps this is a good thread to pose this question. I am a front-end engineer in my early twenties. Right now, 40+ hours a week is doable and I am paid well, but I don't need all of the money I'm earning. I would gladly take a 50% salary cut and work ~20 hours a week. The only problem with this is that I feel like this is a risky thing to bring up with an employer. Has anyone ever had any success getting a good part…

Software is generally a winner-take-all market. Software has zero marginal cost, so the company with the most revenue can invest the most upfront into making a better product, giving it even more revenue. Furthermore, in most cases there is little incentive for customers to ever use the second best product in a segment. So when building software, you not only have to meet the customers needs, you have to meet the cus…

One way around this, if you want work/life balance, is to timeslice on much longer increments, like a couple of years instead of a couple of days. Put in the long hours at the demanding job for a few years until you have a shippable product and demonstrable, tangible successes. Then take a year off to travel, found a startup, work on an open-source project, volunteer, or otherwise decompress, using the savings you got from the high-paying job before.

For some reason, taking a year off to travel, volunteer, or experience the world isn't looked at in the same negative career light that wanting to only work part-time is, particularly if you have demonstrable successes at your last employer. It shows passion, engagement, and the ability to take responsibility for your own life, and many employers assume that will transfer over to your job performance at your next job. You're at a slight disadvantage in salary negotiations because they don't have to lure you away from your existing job, but you can make up for this by applying to many jobs (ideally through connections) at once.

I've heard it's also better on the "life" side of things as well, as you can throw your whole being into whatever you experience in your free time, and not just settle for the scraps you can fit around your job.

Re: Bring Back the 40-hour work week (March 2012)

#66

Perhaps this is a good thread to pose this question. I am a front-end engineer in my early twenties. Right now, 40+ hours a week is doable and I am paid well, but I don't need all of the money I'm earning. I would gladly take a 50% salary cut and work ~20 hours a week. The only problem with this is that I feel like this is a risky thing to bring up with an employer. Has anyone ever had any success getting a good part…

Software is generally a winner-take-all market. Software has zero marginal cost, so the company with the most revenue can invest the most upfront into making a better product, giving it even more revenue. Furthermore, in most cases there is little incentive for customers to ever use the second best product in a segment. So when building software, you not only have to meet the customers needs, you have to meet the cus…

[deleted]

Re: Bring Back the 40-hour work week (March 2012)

#67
As someone who has worked 60+ hour weeks as well as 20 hour weeks for longer periods I've always felt that working longer was doing me well. If I'm working about 40 hours or more I'm more focused during work and generally more relaxed when I'm not working. But then again that's just me. Working less than 20 hours a week makes me incredibly lazy by the way.

Re: Bring Back the 40-hour work week (March 2012)

#68
If you have a marketable skill and there's little competition - I'm pretty sure you can negotiate whatever hours you want. If you have a competition, your options are decreased. If it happens so that your skills are not very marketable you either be prepared to put up with more constraints and worse conditions or improve your skills. What people who favor unions assume is that workers are not ever willing to improve and raise their market price, and that they are hopelessly exploited by the employer.

The intentions of bringing more comfort into people's stressful lives are understandable, but by just wishing it and possibly legislating it we are not making anyone richer. The overall effect will be less jobs for low-skilled workers who do not have enough skills to compete on the job market.

Re: Bring Back the 40-hour work week (March 2012)

#69
post #60
post #52

Earlier quoted context omitted.

But again the results this article cites point in the opposite direction: "... research shows that knowledge workers actually have fewer good hours in a day than manual laborers do — on average, about six hours, as opposed to eight."

"Knowledge worker" in a study cited from Alternet is probably "programmer at a large soul-sucking corporation." Startup founder is fundamentally different.

Why? What is different?

Re: Bring Back the 40-hour work week (March 2012)

#70
post #18

Wanting to work fewer hours is something I think we all hope for, but it also depends on what we're after in life. I was reminded of this essay from Paul Graham: http://paulgraham.com/wealth.html

I disagree with this sentence from that article: "You could probably work twice as many hours as a corporate employee, and if you focus you can probably get three times as much done in an hour.". You cannot work double the hours and be more productive. If you work 80 hours on a continual basis, you will get less done than if you worked 40 hours. I have seen smart people reduced to blubbering idiots by the hours they put in through misguided passion.

The true productivity benefit from going into business for yourself is not that you can put in more effort. The human capacity for productive work is not that flexible, because we are not machines. The real multiplier is that you can direct your effort at that which truly matters. Most businesses spend 10% of their budget on 90% of their value. If you can work smarter you can get dramatically more done because you are building that which truly matters. That is where the PG article is right.

But, here's the problem with what I'm saying: people working crazy hours succeed. Everyone can see that. How can that be explained? In my opinion, those people succeed despite those hours, not because of them. It is their laser-like focus on reaching a goal that makes them succeed, but it is also this focus which makes them put in more hours thinking it brings success home sooner. It don't think it does, but it's almost impossible to prove it doesn't because there just aren't many places where highly passionate and focused people stick religiously to a 40 hour work schedule.

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