Its time to switch to a 4-day work week, economists argue

Its time to switch to a 4-day work week, economists argueIts time to switch to a 4-day work week, economists argueWorking less would have a range of benefits for workers and employers and the world should embrace the four-day working week, was the message two experts brought to Davos 2019.Adam Grant, a psychologist from the Wharton School in Pennsylvania, said I think we have some good experiments showing that if you reduce work hours, people are able to focus their attention more effectively, they end up producing just as much, often with higher quality and creativity, and they are also more loyal to the organizations that are willing to give them the flexibility to care about their lives outside of work.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreEconomist and historian Rutger Bregman, author ofUtopia for Realistsagrees, and explained that a shorter working week is not actually that radic al - policymakers have been trying to figure out how to give the workforce more leisure time for the best parte of a century.For decades, all the major economists, philosophers, sociologists, they all believed, up until the 1970s, that we would be working less and less, he said.In the 1920s and 1930s, there were actually major capitalist entrepreneurs who discovered that if you shorten the working week, employees become more productive. Henry Ford, for example, discovered that if he changed the working week from 60 hours to 40 hours, his employees would become more productive, because they were not that tired in their spare time.This position is backed up by Academic research. Multiple studies support the view thata shorter working week would make people happier and more productive, while OECD figures show that countries with a culture of long working hours often score poorly for productivity and GDP per hour worked.Meanwhile, one company in New Zealand that trialed a four-day work ing week last year confirmedit would adopt the measure on a permanent basis.Academics who studied the trial reported lower stress levels, higher levels of job satisfaction, and an improved sense of work-life balance. Critically, they also say workers were 20% more productive.Three-day weekend, anyone?This article was published on geschftlicher umgang Insider.Read theoriginal articleonWorld Economic Forum. Copyright 2019.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people