Eric Abetz: A 4-day work week sounds great, but what’s the cost?
There is no such thing as a free lunch. So goes the saying. Someone always has to pay.
The question is only—who and when?
This is a truism based on our experience as a society over millennia of generations.
Similarly, there is no such thing as a four-day week with no diminution in income without someone paying and paying dearly.
Wages need, as of necessity, to be linked to productivity to be sustainable. High wages are inflationary unless linked to productivity.
In the Howard era, real wages rose by 19 percent without inflationary pressures because the government and employers drove productivity reforms.
The recent, Greens-chaired Senate Committee report recommending the trialling of a four-day week for workers at full pay will only end in tears for employers, the Australian economy, and therefore ultimately, the workers themselves.
READ MORE ON THIS STORY HERE: https://www.theepochtimes.com/a-4-day-work-week-sounds-great-but-whats-the-price_5121039.html
Share this article
Back to Eureka Free Press home