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Should Developed Countries Reduce The Working Year?
Developed countries should reduce the working year.
Working long hours is detrimental to one's health and encounters diminishing returns.
Increasing leisure time frees up total work hours for those without jobs, thereby reducing unemployment.
Increasing leisure time shares available paid work among citizens more evenly and reduces inequality.
Extra free time would be economical stimulus for the service industry.
Increased leisure time means less time producing. This will reduce resource depletion and help to slow the negative effects of climate change.
Gradually reducing the work year (e.g. start with 2 more vacation days a year) gives time for the economy to adjust.
Salaries will reduce.
If we limit the number of hours smart brains work we reduce the chances of new inventions that can create human progress.
Many people do not want to work less hours.
There should be no regulation about work time at all. This will make country's economy more flexible.
There are practical difficulties regarding sharing among several people what was previously one job.
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