Riduzione dell’orario e creazione di lavoro. Una nota critica-ostruttiva sulla proposta di legge depositata in Parlamento

Bonifati, Giovanni (2024): Riduzione dell’orario e creazione di lavoro. Una nota critica-ostruttiva sulla proposta di legge depositata in Parlamento.

Abstract

The law proposal on the reduction of the working week submitted to the Italian Parliament provides an opportunity for a critical and constructive reflection on the role that a reduction of standard working time can play in pursuing the goal of increasing and maintaining a high employment rate. To this end, the essay proposes to discuss what are the systemic conditions for demand and production growth to manifest their full employment-generating potential, while at the same time creating more employment and more leisure time, potentially for all those who participate in the ongoing process of change (and not only for the few who are in a position to work less). Two conditions are identified: (a) allowing working hours to decrease (tendentially) in line with increasing hourly labour productivity; (b) allowing real hourly wages to increase, also in line with hourly labour productivity. By holding employment growth and wage growth together, a working time reform would thus help to proactively address one of the fundamental problems of our socio-economic system that has remained unanswered for decades. The essay also emphasises that in order to increase the social sustainability of growth, particularly in this difficult phase of technological and demographic transition, a new system of rules to improve working conditions is indispensable.

• Item Type: MPRA Paper
• English Title: Working Time Reduction and Labour Creation. A critical-constructive note on the law proposal submitted to the Italian Parliament
• Language: Italian
• Keywords: Employment; Working hours; Hourly labour productivity; Growth; Income distribution
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E11 - Marxian ; Sraffian ; Kaleckian; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E25 - Aggregate Factor Income Distribution

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