Baker Stuart’s insight:
Another interesting discussion around working hours and productivity, with similar findings to our White Paper ‘A Four Day Working Week‘. More evidence against the long-hours culture so many organisations are faced with!
DO YOU work too much? Last year we wrote a jolly piece that found an interesting correlation between working hours and output. With higher working hours, labour output per hour fell. Here’s that graph again: That graph, though, is just a correlation: that’s not good enough for many economists. But a new paper , by John Pencavel of Stanford University, also shows that reducing working hours can be good for productivity.
Economists have suspected for some time that longer work hours could eat into productivity. John Hicks, a British economist, reckoned that “probably it has never entered the heads of most employers…that hours could be shortened and output maintained.” Hicks reasoned that with longer […]