Monday, November 23, 2020

If a Four-Day Week is Good Enough for a Trust Company . . .

 The five-day work week is a modern construct. Back in 1871, when The New York Stock Exchange started continuous trading, the floor was open Monday through Saturday. Six years later the Saturday trading season was cut to mornings only, but Saturday morning trading persisted until 1952. 

If the six-day work week could evolve to five days, why not four? A New Zealand trust company has tried the idea – work four days, get paid for five – and the experiment went so well that the change has become permanent.

Now the consequences of Covid 19 have proponents of the four-day week hoping for a large-scale breakthrough

Could it happen? Plenty of employers seem to embrace the idea, at least until they learn they're not supposed to pay 20 percent less for 20 percent less work time. Four days work, five days pay!

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