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The Indicator from Planet Money

Test driving a four-day work week

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 23 November 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Doing more by working less sounds like an oxymoron, but a slew of recent studies show that switching to a four-day workweek is linked with greater health, happiness and productivity for workers.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Transcript

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0:00.0

NPR.

0:12.3

This is the Indicated From Planet Money, I'm Paddy Hirsch.

0:14.7

And I'm Whalen Wong.

0:16.4

Americans have been working a five day week with a two day weekend since as far back as

0:20.6

1908.

0:21.6

That's when a million New England decided to give its workers two days off, to allow both

0:25.7

its Jewish and Christian workers to observe their respective days of worship.

0:29.6

And ever since then, the five day week has been under siege.

0:32.9

In 1928, the economist John Maynard Keynes declared that technological advancement would

0:37.4

bring the workweek down to 15 hours within a century.

0:40.5

A Senate subcommittee doubled down in 1965, predicting we'd only be working 14 hours by the year

0:45.8

2000.

0:46.8

The five day workweek has weathered all of this, but thanks to the radical changes and

0:51.0

workplace routines brought by the pandemic, it's beginning to look increasingly threatened.

0:55.6

Because a slew of studies have been examining the viability of a four day workweek in Iceland,

1:00.8

New Zealand, Australia, Japan, Spain, and even the United Kingdom, which as you may remember

1:05.2

from a recent indicator episode, has been struggling with productivity for decades.

1:10.6

So on today's show, the four day workweek, it's being touted as the key to greater happiness,

1:16.5

better health and enhanced productivity.

1:18.5

It's like a little blue pill for the economy.

1:20.9

Exactly.

1:21.9

Is it all it's cracked up to be? We'll take a look at it after the break.

...

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