Though Washington has been mired in gridlock over the past few years, work sharing is one policy that has enjoyed the support of Democrats and Republicans alike. And with good cause. Estimates suggest that work sharing has saved over more than half a million jobs since the Great Recession and is still a good policy to keep people in their jobs instead of getting laid off.
Work sharing, also known as short-time compensation, is a policy that lets employers adjust to slowdowns in business demand by reducing hours for workers rather than laying them off. This is accomplished by allowing workers to put in fewer hours while having much of the difference offset by unemployment insurance.