Bianco Research President Jim Bianco weighs the economic impacts of businesses and employers moving to a four-day workweek on 'Making Money' Thursday.
Former McDonald's USA CEO Ed Rensi argues the government ‘doesn’t understand’ the law of ‘unintended consequences’ with a 4-day work week proposal."Not every business is able to cut its work time while maintaining the same level of salaries," said Mary Elizabeth Elkordy, founder of the remote-based company Elkordy Global Strategies. "Companies need to produce the same level of work, so they may need to hire and train more people.
Research from Robert Half, an employment agency, shows a large majority of US managers support a four-day workweek for their team. The data also shows many expect their company to transition to one within the next five years.factors into the economic concerns over the four-day workweek. "The thing about remote work…is it's going to be next to impossible to try and measure a job in terms of hours because what's happening with remote work is we're measuring it in terms of tasks," he said.
"I need you to do X, Y, and Z. If it takes you 15 minutes or 10 hours to do it. That's up to you. So how do you measure that in a four-day versus five-day workweek?"
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