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A few members of Congress have wholeheartedly accepted the advice of Kunu (Paul Rudd’s character) from Forgetting Sarah Marshall – the less you do, the more you do.
This week, a trio of lawmakers led by Sen. Bernie Sanders (I-VT) unveiled a bill that would establish a standard four-day workweek in the US without any reduction in pay.
Over a four-year period, the bill would lower the threshold required for overtime pay from 40 hours to 32 hours, while also requiring overtime pay of at least 1.5x regular salary for workdays longer than eight hours. The measure also includes stipulations to ensure US workers see no loss in pay for their reduced hours/week.
On the flip side: Opponents of a four-day workweek argue that studies have yet to conclusively prove that companies won’t lose revenue, citing a previous four-day workweek initiative in Japan that coincided with a 20% decline in the country’s economic output between 1988 and 1996 (after which the plan was scrapped).
👀 Looking ahead… The new four-day workweek bill is unlikely to gain enough support to pass both chambers and become federal law this legislative session. Similar measures were introduced by members of Congress in 2021 and 2023, but they both failed to come to a vote.
📊 Flash poll: Do you think a four-day workweek will ever become commonplace in America?
📱 Later today, the House is scheduled to vote on a White House-backed bill that would require its Chinese owner, ByteDance, to sell TikTok within six months or face a ban in the US.
🎓📉 Overall college enrollment is on the decline, the cost to attend is higher than ever, and a growing number of universities are closing their doors for good.
🗳️ No Labels, a group aiming to run a 3rd-party presidential candidate, is expected to move forward with a 2024 campaign following an internal vote later today.
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