> “The only red lines are that we want to see a true reduction of working hours and no loss of salary or jobs.” And there it is. (The proposal is the government pays a fraction of this for a few years before sticking the companies with this.) It's basically just a minimum wage law but written the other way. This always sticks the bill with the only person actually paying to begin with, the business owner. If society…
Some economists in Spain say that starting from this premise, and trying to apply it universally for the economy may have disastrous results. The problem here is the effect on productivity. While there are some jobs where decreasing 20% of working hours while keeping productivity constant may be perfectly feasible, there are lots of jobs in Spain's precarious service-oriented economy where this is not possible. For e…
If you make labour 'reassuringly expensive', then the only way to maintain output is to invest in capital deepening.
Which is the only place productivity comes from.
Capitalists need to start doing some capitalism.