And no, someone doesn't always win. This isn't a zero sum game.
As a point of fact, cutting hours did stimulate the economy in the past. More people had more free time, and with money to spend. This led to greater consumerism, which led to more jobs, and so on. None of that was socialism btw. But on that point, he is correct.
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
And you're right, so a 5 hour work week would be that much better right?!? Yeah no. There is a nice happy medium where you work enough to be good at your job and productive, but not so much that you are burnt out and unable to do anything else with your life. Which is how we ended up with a 40 hour workweek, which has worked perfectly fine for almost 100 years. So why did the ACA take the liberty to declare that full time is 30 hours? The only people this is going to hurt are those who are now only get 25-29 hours at their part time job instead of 35-36. Besides, there is a huge difference between saying businesses have to pay overtime on a per hour basis, and saying that they have to pay thousands of dollars more for a 29 hour worker than a 30 hour worker.