Nov 4, 2023
German Finance Chief Says Four-Day Weeks Won’t Boost Prosperity
Bloomberg News
,(Bloomberg) -- German Finance Minister Christian Lindner rejected the idea of a four-day work week with full pay becoming the norm in Europe’s largest economy.
“Never in history has a society increased its prosperity by working less,” Lindner said late Friday at a policy event in Lucerne, Switzerland.
The idea of shortened work weeks has gained traction since the Covid pandemic upended staff schedules and gave many a glimpse of how different ways of working could improve their lives.
Pilot programs suggest such a setup can lead to a reduction in stress and anxiety among workers, as well as increases in efficiency and revenue for their employers. Some 50 companies in Germany plan to participate in a six-month project starting in February.
“The key to our prosperity remains hard work,” said Lindner, who heads the pro-business Free Democrats, one of the junior partners in Germany’s three-party coalition.
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