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Despite having a low unemployment rate and a strong workforce participation, Iceland’s GDP per person ($46,981) is higher than most OECD countries and other Nordic countries, but their GDP per hour worked ($55.4) is lower than most OECD countries and Nordic countries, even though Icelanders worked more than their European counterparts.
Trade unions, civil society organisations and workers suggested that a reduction in working hours could counter the low productivity levels and improve work-life balance.
Recently, two recent trials have backed this claim. The studies show that a four-day work week reduces the stress of employees, but not their productivity. Given that the Covid-19 pandemic has forced millions to work from home and are working longer hours, do you think that companies in India should make a shift to this system? Let us know in the comments below
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