UK 4-Day Work Week

Jun 9, 2022 | Ask "Z" Economist

4-Day Work Week Banner

Summary: The UK is conducting a 6-month test in which 3,000+ employees from 70 companies will be allowed to shorten their work week to 4 days at the same pay. The test is based upon the hypothesis that the employees will be able to maintain their productivity during the shortened week while being rewarded with more time for rest & relaxation (R&R). This mirrors a long-term trend in the US in which employees have been working fewer hours (see chart) while using their new-found time to engage in more R&R. The problem with this equation is that American productivity has not kept-up with a higher cost of living (as we discussed in our last post), leaving everyone poorer. A return to a strong work ethic in which workers are more interested in growing the economy and less focused on hours and R&R could be the missing ingredient to saving our country.  

 

Follow us on LinkedInTwitter, and Facebook!

Disclaimer of Liability: Although the information in this post has been obtained from sources NBE Media LLC believes to be reliable, NBE does not guarantee its accuracy. The views expressed herein are subject to change without notice and in no case can be considered as an offer or solicitation with regard to the purchase or sales of any securities. NBE Media LLC’s analyses and opinions are not a guarantee of the future performance of the economy nor any industry, company or security. NBE Media LLC disclaims all liability for any misstatements or omissions that occur in the publication of this post. In making this post available, no client, advisory, fiduciary or professional relationship is implied or established. While this post is intended to provide an relevant economic analysis, it cannot be used as a substitute for independent investigations and sound business judgment.
No Bull Economics
Restaurant Research

Email Sign-up

Current Newsletter

Newsletter
15-Second-Podcasts
Digital Marketing Opportunities

Recent Posts

Restaurant Research

A Restaurant Research LLC Company