More and more government entities are shifting to the four day work week to cut costs. Cities like El Paso and states like Utah and California are experimenting with the concept. And initial findings are promising; the financial savings are real, especially in the cost for energy.
Even automaker GM is exploring the idea of adopting the practice of a four day work week. But what if there was a widespread adoption of the four day work week? What would be the effect on our economy? Our society? The environment?
Here are some ideas to think about.
It’s tragic really. Millions of lost jobs. Foreclosed houses at record levels resulting in plummeting home values. Our auto industry on the verge of implosion along with 7 million related jobs. IRA and 401k values shrinking and forcing employees to work longer to retire. State and local governments teetering on bankruptcy. It’s bleak and there’s a lot of pain.