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It's interesting that not typical western country is the first one reducing typical 40h workweek but UAE [1] If we would really want to, we could move to 32h w
by pzo 5y ago
It's interesting that not typical western country is the first one reducing typical 40h workweek but UAE [1]
If we would really want to, we could move to 32h workweek long time ago as long as companies are not obsessed to make each quarter the biggest revenue by all means. Reducing 5 day workweek to 4 day workweek would reduce production of good no more than 20% (in practice probably much less since lots of production is automated). If each GDP is increase lets say 2% that's just equals sacrificing 10 years of those 2% increases.
In practice I don't seem it coming globally since companies compete with companies globally as well, e.g. in China many people work 996 (12h, 6days) so it's sort of unfair advantage. I think the only reason we have 40h work week in western world is because at the time when Ford popularized it USA was already a big economy without much competition in other countries (Europe just healing from WWI)
[1] https://www.npr.org/2021/12/08/1062435944/uae-work-week-change-saturday-sunday-weekends-global-markets?t=1640028603000 https://www.npr.org/2021/12/08/1062435944/uae-work-week-chan...