Correct.
It has taken 8 years but it looks like the boomers and silents are finally on board for flex time where I work. Just so long as you put in your 40 every week.
Personally, I am in a position where I could could afford a pay cut in relation to a cut in hours. I have no idea what percentage of folks are in a similar place. But then how many of them are willing to take the cut? I don’t even think money is the driver. I think it would show a sign of “weakness”. I know it would be considered that at my place of employment. That makes you first on the list to let go in bad times (I think that has been mentioned already).
Also, anything non-puritan is considered socialism in merka. Can’t have that can we.