It will be hard to extrapolate the findings to other countries. Iceland has a very different import/export structure by virtue of the the geography, farming an

It will be hard to extrapolate the findings to other countries. Iceland has a very different import/export structure by virtue of the the geography, farming and natural resources. This in turn significantly affects the price of certain goods and services, such as restaurants and dining out culture, for example. Ultimately people will have a drastically different basket of consumer goods /desires than in other developed countries, and it will require different involvement in the labor market. I’m not saying a 5 day work week in America is necessary, I’m saying we have more than enough, just our consumer culture keeps us busy. We have food, shelter, heat, but Americans want that nicer car, that name brand clothing, to keep up with the Joneses