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EXECUTIVE SUMMARY

In 1930, John Maynard Keynes, one of the most important minds in the history of economics, wrote an essay called “Economic Possibilities for our Grandchildren”. In it he argued, among other things, that in 100 years, by 2030, technological progress will increase productivity to a level that would allow fewer hours worked per worker (approximately 3 hours a day or 15 hours per week) required to run the economy. He was right about the productivity increase, but not quite right about us achieving a 3 hour work-day. In fact, we are far from it. 

 

It is true that, currently, we could be able to run the economy with a 3 hour workday, as Keynes predicted, but, why hasn’t that happened? Why does the workday appear to be trending towards increasing its length rather than decreasing? That is the question that this website will try to address along with many other questions in regards to work-time reductions.

 

In the first section we try to address the reasons why we need to reduce the work-day, and to transform the “Part-Time” status into the new “Full Time”. From adapting to the introduction of automation, which replaces jobs, to the protection of the environment by minimizing the impact of our production processes, and to the improvement of the psychological well-being of the population by gaining more leisure, it is hard to find a single measure other than work-time reductions that provides these many positive impacts.

 

  We invite you also to read the section about benefits of having a 4 hour work-day, where we analyze how life would be if people worked only 4 hours a day with decent income, and how it may impact the economy, the environment, and society as a whole. 

 

Like any new paradigm shift, many questions are expected to arise. Therefore, the Frequently Asked Questions section will try to address the many inquiries that could come up and indeed, have come up. 

 

However, as the old Chinese proverb says: “To know and not to do, is not to know”, knowing and agreeing with the argument presented in this website will mean nothing if people don’t become active participants in this process. It is for that reason that a Forum section has been created to gather all the minds of the world and join the debate, analysis, criticism and design of a way to implement work-time reduction policies and make the economic system work for the people and not the people working for the economy.

 

We invite you then to explore this website to learn more about work-time reductions as a solution and help begin the transition into a 4 hour work-day. We have reduced the work-day before, from 16 to 12 hours in the mid 1800's and from 12 to 8 hours in the early 1900s, and no collapse on the economy occurred due to this. We can do it a third time.