July 9, 2013

GIVEN HOW UNPRODUCTIVE WE ARE FOR MOST OF THE DAY:

The four-day work week (Annalyn Kurtz, July 9, 2013, CNN Money)

Technological progress has made workers more productive than ever before.

Yet rather than cutting the work week gradually over time (like the Europeans did), productivity gains have fueled a consumerism boom in the United States. So instead of taking time off, Americans are just buying much more stuff. [...]

The 40-hour work week, adopted shortly after the Great Depression, was originally thought of as a job creation tool.

"Cutting hours of work can have positive effects on employment levels during a severe economic downturn," the International Labour Organization noted in a report last month.

Shortened hours can be used to create jobs, the ILO said, as fewer hours for one worker means more work for another.

...fewer hours but five days seems to make better economic sense.

Posted by at July 9, 2013 6:51 PM
  

blog comments powered by Disqus
« NEW LEFT/OLD RIGHT: | Main | EXCEPT THEY IGNORE...: »