Year: 1987
Author: Meyer, Dirk
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 107 (1987), Iss. 4 : pp. 537–552
Abstract
The introduction of the 3 5-hour week corresponds to a minimum wage policy, which is the main cause of unemployment. A general reduction of hours worked per week, therefore, violates economic freedom and individual preferences. The rationing of work not only restricts the earning power of human and fixed capital, but also leads to increased costs. Limitations of productivity and overtime obstruct the required adaptability of firms. Labour becomes less profitable and recruitment programs are ceased. The 35-hour week stands in direct contrast to the right to work; consequently, the right to work can be better realized through consistent deregulation and free market entry.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.107.4.537
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 107 (1987), Iss. 4 : pp. 537–552
Published online: 1987-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 16