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but more work gets done, which means more profits which means higher stock price which means more $$$ in the pocket.
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Actually they found out, that isn't true. Even though the employers fought them every step of the way, they found that when we went from a 48 hour work week to a 40 hour, the workers were so happy that the increase productivity more than made of for the 8 hours less of work a week. The bottom line is more work was accomplished in 40 than was possible in 48 because the workers were too tired. Having worked alot of overtime I can tell you that the first 7 days in a row you get more work done the second a little less but still more than if you worked 40. By the fourth week (of working seven days a week) you aren't able to do much and mistakes are made, you just get burned out.