Based on my impression of the job market.
Market created June 2023.
Will resolve early if it becomes clear.
I won't trade in this market.
1,000
3.00I found a 2022 NBER report on this https://www.nber.org/system/files/working_papers/w30106/w30106.pdf
@HarishGanesan I wouldn’t count this. The total hours worked per week would have to be the same or less.
@IC Most of the CEOs and CFOs who seem to be in support of 4 day work-weeks, are doing it only because it increases the overall productivity. Nobody gives a shit about employee welfare. So I dont think the non-evil version of 4 day work week will ever win out. I like Elon in this topic alone. Atleast he is open about how he doesnt care about employee welfare.
Around my city and surrounding counties (roughly 1.9 million people), I would say roughly 5% are doing 4 day work weeks and advertising them as "3.5 day work week" , majority are fast casual restaurants or personal care (ie. nail, hair, massage, makeup, etc). They pay $16-$18/hr on average with 35 hours (10/10/10/5).
Also to note, probably 95% are businesses owned and/or run by someone 40 years old or younger.
At a glance I’m seeing 14.5% of Americans working from home 5d/wk https://www.statista.com/topics/7145/remote-work-in-the-us/#topicOverview
As the economy cools the balance will shift back towards employers. So if it hasn’t happened during historic labor shortages I don’t think it will (in this generation).
@ahalekelly and medicine as well. I think theres an argument that a 4 day work week is already more normal then remote work.
@EugeneBixby The market is based on my subjective impression from my experience etc. But if you can get trustworthy numbers saying it’s already true, then I will resolve to true.