Cutting Hours Instead of Jobs

Rather than firing people to meet difficult financial challenges, companies like Rhode Island-based Pilgrim Screw Corporation are cutting work hours instead. In this “work sharing” process, employees receive partial unemployment to compensate for the lost income. Washington, D.C., and twenty-two other states have adopted the work sharing program. Rhode Island officials claim Rhode Island’s unemployment would be higher without the program.

Check out the Wall Street Journal article here.