Crunch Fitness seeks $800 million from franchise-backed bonds - Bloomberg

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  Five decades of dramatic technological and economic progress have been absorbed entirely as expanded national output rather than increased leisure time for the workforce. The legal 40-hour standard established in 1938 remains in place because efficiency gains failed to translate into reduced schedules or broadly distributed paychecks. Consequently, modern shifts in automated decision-making and cognitive tasks continue to detach traditional labor value from ordinary worker compensation.

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