G’day,
I read the other day that the Greens are suggesting we consider a 4 day working week.
Has anyone thought about this idea? Apparently France has been going that way for over 100 years.
The Greens cited poor work/life balance as being a primary reason for the idea, allowing people more time to be with family/etc.
My thoughts however, were -
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Would we maintain a 2 day “weekend”, or make it into a 3 day weekend, with the majority of businesses closing 3 days per week? If not, the workforce mostly suddenly becomes some kind of shift or job-share scenario.
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How would people handle a 20% cut in pay? Or would we work longer hours on the 4 days we would be working?
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How would business cope with this change to its workforce? Logic dictates businesses would need to employ more people to cover the work, but reality says - no, they’d just expect more from their current workers - yet they would be doing less hours…?
The less extreme idea was to move toward a 6 hour working day, which is apparently an ideal time frame to work to ensure optimal performance. Again, for most “9-5, 5 day/week” jobs that’s a big drop in hours, and thus pay…
Even if such a move did create more jobs, what is even considered “full employment” these days?? In my day (ie circa 1994/5 High School Economics), 7-7.5% unemployment was considered full employment - with that 7% being made up of people between jobs (short term), people who work seasonal jobs, long-term unemployed, and … um… hippies? These days however, employment figures tend to be below that rate anyway - so do we need to work harder at job creation? (Ok - we do in Geelong - Geelong sucks for jobs.)
cheers
cosmic