Billionaire CEO pushes employees to work longer hours in year-end message

One billionaire CEO is sending holiday cheer to his employees by pushing them to work longer hours.

As CNN reports, Wayfair CEO Niraj Shah sent a year-end message to workers extoling the virtues of both staying late at the office and of mixing work into their family lives.

"Winning requires hard work," said Shah in a message congratulating employees on a successful year for the company, first obtained by Business Insider. “Working long hours, being responsive, blending work and life, is not anything to shy away from. There is not a lot of history of laziness being rewarded with success."

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While Shah may think that pushing employees to stay at the office longer is a winning strategy for future success, Stanford economist Nicholas Bloom told CNN that these sorts of messages are likely to backfire in the long term.

"If Wayfair wants to run a business where people work 80 hours a week, he’s going to have to put up their salaries by 50 percent to pay them for it," Bloom explained. “I don’t see this as being successful for the typical employee."

Bloom added that this is particularly true in the current American job market, where workers have many options to choose from if they are dissatisfied with their current jobs.