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A three-day weekend is not beyond anyone’s dream, and it may soon be a reality. The idea of a four-day week against the usual 40-hour, five-day work week has been mooted for decades. The call for fewer work hours itself is older than the Great Depression. After the reduction of working hours in the 1920s and 1930s led by Henry Ford, from more than 60 hours a week to the current 40, the notion of fewer working hours for the same productivity aided by higher technology grew prevalent. The noted English economist, John Maynard Keynes, predicted that his grandchildren would only work about 15 hours a week. Even though the prediction seems a little far-fetched right now, the direction of change seems about right as companies from all over the world toy around with the idea of fewer working hours.

The most recent and widespread adoption of a four-day work week was a trial run by Microsoft in Japan in 2019. The trial was conducted with a typical eight-hour work day for four days and a three-day weekend but a five-day week pay cheque. Microsoft was happy with the result as it saw a 40% increase in worker productivity, presumably due to increased job satisfaction and lower burnouts. Microsoft Japan also reported that a shorter work week led to higher efficiency in the form of lower office costs. It saw a massive 23% dip in electricity costs and a 60% fall in the number of pages printed in the office.

Perpetual Guardian, a New Zealand trust management company, also reported a 20% increase in worker productivity after a similar trial in 2018. Most trials of a four-day work week seem to increase or at least keep constant worker productivity. Gains in productivity also depend on the kind of work. The idea of increased productivity due to a fall in working hours has been carried along since Henry Ford. However, an increase in a worker’s productivity in a manufacturing firm with a decrease in work hours would not mean a similar increase in productivity for an employee in the service sectors such as education or health.

In a larger view, fewer working days will lead to lower commuting and hence have a positive impact on the environment, including a fall in electricity consumption in offices. Lower work hours are also being seen as an important tool to revive employment rates after the novel coronavirus pandemic. The New Deal in the United States mandated overtime pay after 40 hours a week to increase employment after the Great Depression. A similar move is argued to be a viable option to reduce unemployment prevalent in the global economies after the pandemic.