Wharton Professor Says America Should Shorten the Work Day By 2 Hours (cnbc.com)
Adam Grant, an organizational psychologist, New York Times best-selling author, and The Wharton School's top professor, says Americans should work two hours less. Instead of the typical 9-to-5, people "should finish at 3pm," says Grant in a recent LinkedIn post. "We can be as productive and creative in 6 focused hours as in 8 unfocused hours." CNBC reports: In the LinkedIn post, Grant was weighing in on an Atlantic article about the time gap between when school and work days end, a bane for many parents. But it's not the first time Grant has given his stamp of approval to less work with more productivity. "Productivity is less about time management and more about attention management," Grant tweeted in July, highlighting an article about a successful four-day work week study. For the study, a New Zealand company adopted a four-day work week (at five-day pay) with positive results; the company saw benefits ranging from lower stress levels in employees to increased performance. In a recent blog post, billionaire Richard Branson also touted the success of a three-day or four-day work week. "It's easier to attract top talent when you are open and flexible," Branson said in the post. "It's not effective or productive to force them to behave in a conventional way."
"Many people out there would love three-day or even four-day weekends," said Branson. "Everyone would welcome more time to spend with their loved ones, more time to get fit and healthy, more time to explore the world."
"Many people out there would love three-day or even four-day weekends," said Branson. "Everyone would welcome more time to spend with their loved ones, more time to get fit and healthy, more time to explore the world."
If you work > 40 hr/wk, you should be entitled to additional compensation, regardless of salary. Fair's fair. Should discourage employers from abusing knowledge workers.
Good. Then mandate it, or at least mandate overtime for ALL workers who are required to work over 40 hrs per week. If people are taken away from their families and lives, they should be compensated for it appropriately. And having to pay 1.5x or 2x time should encourage employers to hire more workers vs having unreasonable expectations from their existing workforce.
We are moving to self-checkout and cashierless stores. So why close at all? My local grocery store is open 24/7. The lights are on motion sensors, so no electricity is being used unless someone is walking down that aisle. There is a skeleton crew doing restocking, but I just self-checkout so I don't bother them.
Have you ever been to a 3rd world country? You will notice many many people selling a small collection of goods spread out on blankets or tables on the side of the road. This is WHY they are poor. Retail is unproductive and an economic dead end. It is a transaction cost, not a cost of producing goods or services. The larger the retail workforce, the poorer the country.
The purpose of jobs is to produce goods and services, not "keeping people busy", and retail doesn't produce anything. The sooner we can eliminate most retail jobs, the better. This will free up labor for actual productive activities.
People used to work 14 hours a day, 7 days a week, from children to their deaths.
Then we negotiated the 8 hour work day.
Then we negotiated the 5 day work week.
It's actually very simple: if people work all day every day, they have no free time. If they have no free time, they don't buy things. If they don't buy things, there are no jobs.
If people don't work, they have no money. If they have no money, they don't buy things. If they don't buy things, there are no jobs.
There is an equilibrium point that maximize "people working" and "people consuming".
Seriously, Americans surprise me with their "leave it to the market" attitudes. Like for example "no vacations mandated by law". Yeah the free market doesn't solve that: Walmart doesn't give you vacations. Why would it, when it can, you now, ... not?
You guys have no vacations and no holidays. You "work hard" and your living standard is inferior to an european's, who have 1 month vacations and a few holidays sprinkled around the year.
In the real world you can't just hire more people. Businesses (even non-profits like hospitals) have fixed budgets they must meet. If they hire more people the cost of production goes up and the charge for services must be increased. The same work for more money means lower productivity.
If your business isn't making enough money to pay enough people to do the job properly then you don't have a viable business and making up for it by having as few staff paid as little as possible doesn't do you any favours in the long run.
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