Capitalism lacks a mechanism to convert its productivity gains into shorter hours at work In a recent article, I concluded as follows, “When output is reduced, why not share the work by cutting average hours per worker instead of laying off some while the rest clock overtime and even get paid a premium for it?" (1 May, Mint).
The huge jump in America’s unemployment rate from 4.5% in March to 14.7% in April, due to the corona calamity, calls for attention to this enormously vital yet hugely neglected matter.
Whether saving “good" manufacturing jobs is feasible and desirable or not, US President Donald Trump campaigned for such a policy—bring the good jobs back to America.