Saturday, May 31, 2008

4-Day Work Week is Back: Part of the Adjustment

To help offset high gas prices, the 4-day work week is coming back (just like it became popular in the 1970s and early 1980s when gas prices rose); just another example of how consumers will find many ways to deal with $4 gas: buying smaller cars (see post below), driving less, and working four 10-hour days instead of five 8-hour days to achieve 20% savings, etc.

Bottom Line: Markets adjust, consumers adjust, producers adjust, employees adjust, employers adjust, everybody makes adjustments; that's part of the miracle of the market - continual adjustments to the never-ending dynamic changes in the economy and the marketplace.


At 5/31/2008 11:06 AM, Anonymous Anonymous said...

The oil bubble is about to burst.

Just today a taxi driver gave me unsolicited (naive) advice regarding how to invest in oil! This past week I overheard a clerk at a convenience store talking to someone about how they are investing in oil.

The end is near.


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