In a first-of-its-kind proposal in the US, some Maryland lawmakers want to subsidize employers that experiment with a 4-day workweek.
In a first-of-its-kind proposal in the United States, some Maryland lawmakers want to subsidize employers that choose to experiment with a 4-day workweek. More precisely, it would subsidize employers that agree to try out a 32-hour workweek without reducing their full-time employees’ weekly pay, which is based on 40 hours of work.
The bill in its current form caps what the state would spend in total on program participants’ credits at $750,000 a year for five years. So if there is huge interest by employers, Maryland’s Department of Labor will have to select which ones may participate. In addition, the state would have to pay the costs to administer the program, which Stewart estimates might come in at $250,000 a year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Monkey business: Police looking for gorilla statue stolen from Maryland antique shopPolice are looking for a man who stole a statue of a gorilla from in front of a Maryland antiques store. A reward of up to $10,000 is being offered.
Read more »
First on CNN: Biden administration to strengthen Obamacare contraceptive mandate in proposed rule | CNN PoliticsThe Biden administration wants to make it easier for women to access birth control at no cost under the Affordable Care Act, reversing Trump-era rules that weakened the law’s contraceptive mandate for employer-provided health insurance plans.
Read more »
ASML says 'rules are being finalized' on chip export controls to China | CNN BusinessSML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls -- amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China.
Read more »
'Attack on India:' Adani slams US short seller over fraud allegations | CNN BusinessAdani Group has published a detailed rebuttal running to more than 400 pages against allegations of fraud made by a US investment firm, calling the short seller's investigation of the ports-to-power conglomerate 'a calculated attack on India.'
Read more »
Norway discovers huge trove of metals, minerals and rare earths on its seabed | CNN BusinessA Norwegian study has found a 'substantial' amount of metals and minerals ranging from copper to rare earths on the seabed of its extended continental shelf, authorities said on Friday in their first official estimates.
Read more »
Ryanair is making record profits as booming demand sends airfares soaring | CNN BusinessRyanair expects it will be able to charge higher prices for flights over Easter and the summer, thanks to strong demand from American and Asian tourists and less competition from rivals.
Read more »