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Who wins from workplace flexibility? - BBC News
It has to do with something economists call 'the backward bending supply curve of labour.' As with much of economics, this gymnastic-sounding graphic concept is much simpler than it sounds. On the y-axis is pay: on the x-axis hours worked. At low levels of pay, people have to work long hours to make ends meet. Pay them more, give them more security, and they want more time to themselves. Pay them lots, and they offer fewer hours because they want more leisure time, and the opportunity to spend all that moolah. That's where the curve bends back. [...] A big problem with depending on freelance workers or overtime is that you can't be sure the staff are available when vital services need them. And in a sellers' market for working hours, the trains and the health service find themselves in trouble. ... Workforce planning
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july 2015 by asterisk2a

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