Labor costs will rise with 4-day workweek proposal, former McDonald's USA CEO warns
Labor costs will rise with 4-day work week proposal: Former McDonald’s USA CEO
Former McDonald’s USA CEO Ed Rensi reacts to California lawmakers proposing a 4-day work week.
Former McDonald's USA CEO Ed Rensi slammed California’s proposal for a four-day workweek, arguing that labor costs will rise if the legislation passes.
The California State Legislature’s proposal would lower the official workweek to 32 hours over four days – anything over that would be considered overtime for employees. This law would apply to companies with more than 500 employees.
Rensi warned the four-day workweek proposal will result in "unintended consequences" and stressed the government "doesn’t understand" the law.
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"California has always been on the leading edge of smart things and dumb things," he told "Cavuto: Coast to Coast," Thursday.
Former McDonald’s USA CEO on California lawmakers proposing 4-day work week
Former McDonald’s USA CEO Ed Rensi argues the government ‘doesn’t understand’ the law of ‘unintended consequences’ with a 4-day work week proposal.
"We got 12 million unfilled jobs in the United States right now that we can't recruit for. Restaurants are desperately trying to hire people and can't find them anywhere … You put this kind of [law] in place, you're really paying a lot of people overtime."
Rensi added that the four-day workweek proposal may compromise workers’ health and their well-being. The legislation will "allow people to get two jobs, because they can work three days in one place…three days in another place."
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"I’ve got mixed feelings about it," Rensi noted.
"I want our workers to have a good quality of life, have enough money to support themselves and their families…put their kids through college."