Hundreds of thousands if not millions of hourly jobs will be capped at 29 hours per week. There will be no more opportunities to work as many hours as needed; companies will have to inflate their payrolls to meet demand. I'd expect total efficiency will drop particularly as more people will need second jobs to make ends meet.
Whatever happened to 40 hours being “full time”? Further proof that this is all just modeled after the European mess. they moved to 30 hour work-weeks years ago. Helped them economically, didn’t it...