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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)

#71

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…

Or you can bank the excess cash and "retire" as soon as 4% of your savings equals your annual expenses. (Work hard to maximize your salary and minimize your expenses)

Between now and achieving that 4%, focus on excelling at the things you find the most interesting and building relationships in your industry so that once you cross the freedom line you can take on the occasional consulting gig to keep things interesting.

(I'm pushing 40 now and sincerely wish I had done the above when starting out in my twenties)

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

#74

Earlier quoted context omitted.

Seems like a good time to build a hefty savings and begin investing. I think if you were to go part-time, you'd lose some of your benefits. And if your employer is used to you working 40-hours, you might end up working more than 20-hours due to a higher workload. Depends on your situation, and it can't hurt to bring it up. Maybe try winding down your hours progressively.

I think he _does_ want to invest, but in experiences during his early 20s, rather than by building his finances.

I think many of the HN crowd has a slightly different mindset, since a lot of us are entrepreneurs. I'm in my early 20s, and am about to start working 40+ hour weeks for an early-stage startup. To me, this work _is_ a great experience. There's also the very small chance that we'll make it big and I'll be able to 'retire' and focus on my other passions. Even if we crash and burn, I won't consider that time wasted. The lessons learned will be invaluable, but I also hope to save enough to travel the world for a while, no matter what happens.

20 hour work weeks don't usually lead to more life experiences, in my experience. You just have more time to focus on side-projects or hobbies. You'll still be 'working' 40+ hour weeks, but dividing your time between different projects.

As someone commented before, if he wanted experiences, then he should take a few months of unpaid leave of absence, and go exploring the world.

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

#75

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 usin…

I think the point there is actually about money, not productivity. If you're paying by the hour, they're both the same to the employer, but you'll get more from the 5 40hr employees.

There's a bunch of simplifying that's going on there (overhead per person, etc.), but the basic message is that if companies can only afford so many people-hours, it's hurting the people they don't hire in addition to their own employees.

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

#76

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…

Make it happen! You'll be buying back your time, which is the most valuable thing you have. I wish that I'd done this when I was young and single. Now I have a family, and am the only income earner, so I have to work 40 hours (for now). A friend of mine works part time, and spends the rest of the time in discovering and finding himself. I've been having to do this while raising my family, so that I don't screw them up. Full-time work can easily become an obsessive-compulsive escape from finding oneself. But work isn't what makes us happy in life (it is part of it, but not all of it).

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

#77
post #71

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…

Or you can bank the excess cash and "retire" as soon as 4% of your savings equals your annual expenses. (Work hard to maximize your salary and minimize your expenses) Between now and achieving that 4%, focus on excelling at the things you find the most interesting and building relationships in your industry so that once you cross the freedom line you can take on the occasional consulting gig to keep things interestin…

If I knew where to get a risk free, consistent 4% return these days ...

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

#78
post #40

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 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…

>f I'm starting a business mass-producing widgets and I fund the machinery, process development, and software to produce that

Its rare for there to be some kind of CEO mastermind that builds everything from scratch on day one. More than likely you started small and your staff built these systems. They came up with the ideas, managed the projects, etc. Their input and ideas created that efficiency.

> he pushes that red button

I think you're taking your manufacturing analogy too far. We're talking skilled labor here, even then you could just have wrote "when my nerd programmers type on their keyboards" and been just as wrong.

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

#79
post #10

I once saw a tv documentary about the CEO of a big danish company. She worked 40 hours per week, and to that she commented: "If I couldn't get done what is expected of me in the allotted time frame, I wouldn't have the competence required for my position."

Presumably because she would have been able to recruit support staff to delegate work to. Not all of us have that luxury.

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

#80

This may work among programmers, software developers, etc. But in other more structured environments [management consulting, public accounting, I-banking, etc] a 40 hour work week will almost never be the norm. Sure, more resources could be added to the project, but the budget doesn't support that, so... you're hosed.

The point is that more resources are not needed. Just going back to 40 hours a week will increase total productivity.
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