The movement towards a four-day workweek is gaining traction, with the advent of artificial intelligence apps like ChatGPT and Google’s Gemini potentially speeding up the shift. A recent survey by Tech.co found that companies with extensive experience using AI were more open to a four-day workweek. Billionaire hedge fund manager Steve Cohen predicts a future where a true four-day workweek becomes a reality for most workers due to the increasing presence of AI saving companies money. Burnout from the pandemic and a desire for more flexibility in work-life balance are driving the push for a shorter workweek. While Bernie Sanders has introduced legislation for a 32-hour workweek, not all are on board, with some predicting a shift to more flexible work patterns concentrated on in-person appearances.
Concerns around productivity and efficiency at work are prevailing among business leaders, with many looking for productivity advantages as the economy slows down. Despite the movement gaining momentum since 2018 and accelerating during Covid, there is still a significant gap between workers and leaders on the issue. Institutional opposition to change is a key factor, but with modern technologies allowing for increased productivity, there is potential for a shift towards a shorter workweek. Companies like Exos have reported decreased burnout among employees with more flexible Fridays, even for industries like airlines where a four-day workweek may not be feasible.
Some companies have already transitioned to a four-day workweek, experiencing both benefits and drawbacks. Mike Neundorfer, CEO of Advanced RV, noted that the change has enabled employees to improve their personal lives, even though productivity hasn’t fully reached previous levels. Mike Arney, CEO of Halftone Digital, made the switch two years ago and has found it to be a positive change, despite occasional challenges. Stepan Solovev, CEO of SOAX, sees the shift to a shorter workweek as a strategic move that focuses on what truly matters. The idea is also gaining popularity globally, with countries like Iceland, Germany, and the United Arab Emirates experimenting with reduced work hours.
The impact of a four-day workweek on work-life balance, job satisfaction, and employee stress has been positive, as seen in studies and company surveys. ThredUp, an online consignment and thrift company, implemented a four-day workweek in 2021, leading to increased productivity according to employee feedback. The use of new technology is expected to further drive efficiency and allow employees to focus on higher-impact work. Across the world, various nations and companies are exploring or implementing a shorter workweek, indicating that the movement is not limited to specific political systems or labor markets. Organizations like 4 Day Week Global are advocating for smarter work practices to enhance productivity and improve the future of work.
