Should us laws be changed to need a shorter work

Assignment Help Macroeconomics
Reference no: EM1333552

Do we work too hard?

One of the limiting resources in our economy is time. As a society, we make choices about the allocation of time between work and other pursuits. In the US, most workers are eligible for overtime pay if they work more than 40 hours a week, whereas most European workers become eligible at 35 hours per week. In addition, workers in Europe have guaranteed vacation time-five weeks in France-a benefit not available in the US. As a result, the typical US worker puts in about 2,000 hours per year compared to 1,700 hours per year in France and Germany.

Should US laws be changed to require a shorter work week and longer vacation time?

 

Reference no: EM1333552

Questions Cloud

How to compare and contrast monitoring of patient vital sign : the Mobile computing has dramatically changed how information is accessed and shared. Wireless networking has been an enabler of mobile computing.
Describe what long-term economic growth is : Describe what long-term economic growth is and if there are any limits to the U.S. long-term economic growth.
Ideal and rational model of decision making : Describe the ideal, rational model of decision making and the political model of decision making.
Copyright protection after death of author : How long after the death of an author should copyright protections continue to exist before works become part of the public domain and freely accessible to all?
Should us laws be changed to need a shorter work : Should US laws be changed to need a shorter work week and longer vacation time.
Organizations attempting to regulate the networking field : define whether there are too many standards organizations attempting to regulate the networking field. Take into consideration whether consultation is necessary, and whether governmental or larger international bodies should be formed to manage st..
Value of bond based on interest rates : Assume you buy an 8% coupon, 20 year bond today when it is first issued. If interest rates suddenly rise to 12%, what happens to the value of your bond? (coupon payments are semi-annually).
Critically analyze the toyota''s mission and vision : Critically analyze the toyota's mission and vision.
Explain the supply chain for bmw when in a brick and mortar : Explain the supply chain for BMW when in a brick and mortar environment

Reviews

Write a Review

Macroeconomics Questions & Answers

  Formulas for this problem among with a detailed explanation

Please comprise in your response, the formulas for this problem among with a detailed explanation of how it is solved, and your rationale for reaching your conclusions.

  Assume your firm manufactures millions of hard drives

Assume your firm manufactures 3 million hard drives per year specifically for Dell laptop computers and subsequently renegotiates to only purchase for $26.8/unit, how much has Dell increased its own profits

  Impact of lowering the speed limit

Using a supply and demand graph, make one shift of wither the supply or demand curve to illustrate the likely result of this action.

  Assume that the price elasticity of demand for good

Assume that the price elasticity of demand for good. Describe how much consumption changes.

  Critically possible short-run and long-run macroeconomic

Briefly describe and critically possible short-run and long-run macroeconomic effects of this continuous increase of the federal fund rate

  Assume that the fed reserve adopts an inflation targe

Assume that the Fed Reserve adopts an inflation targe of 3% for its monetary policy.

  Explain how the invisible hand fights back when government

Explain how the invisible hand fights back when government try to overrule market forces with price controls.

  Show how to find equilibrium in an rc model

Show how to find equilibrium in an RC model? What is the relationship between the marginal rate of substitution between leisure and labor and the marginal product of labor in the RC model.

  Analyzing the price system in medical service substitution

Is the price system a "just" or "fair" way to allocate products: What about medical Services-What are substitution and income effects related to the Law of Demand?

  Macroeconomists position on trade deficits

The public tends to view trade deficits with alarm while macoreconomics claims that trade deficits can actually be usefull for the economy. Discuss the macroeconomists position on trade defilicts

  Illustrate are some of considerations in term of cost

Illustrate what are some of the considerations in term of opportunity costs that you would have to include in arriving at your decision?

  Budget constraint and monthly reservations wage

Suppose that yi receives $ 60 per day as interest on inheritance and her wage is $25 per hour, and she can work a maximum of 16 hours per day at her job. draw her daily budget constraint.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd