Breaking News

Idea from Davos: Experts pitch for 4-day work week


DAVOS: The World Economic Forum summit, an annual jamboree of the wealthy and powerful of the arena, is known for brainstorming sessions on economic system, geo-politics and different problems, but this time a moderately other idea was floated here - a four-day work week.

The proposal evoked an immediate and large reaction from attendees, both on the certain and adverse facets, with some mavens making a powerful pitch for adopting a smaller work week to make the most of working less.

Adam Grant, a psychologist from the Wharton School in Pennsylvania, said at a consultation: "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 organisations that are willing to give them the flexibility to care about their lives outside of work."

Economist and historian Rutger Bregman, writer of 'Utopia for Realists', came in improve and said a shorter working week is not in fact that radical.


"For decades, all the major economists, philosophers, sociologists, they all believed, up until the 1970s, that we would be working less and less," he famous.


"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," he said.


The idea prompted instant discussions amongst contributors on the WEF annual assembly and as one delegate said, this was some extent of debate in no less than 10 meetings he had attended.


Some firms have attempted a four-day week to avoid wasting prices and in addition to supply a greater work-life steadiness to their staff.


No comments