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The day after tomorrow: stress tests, affordability and the roadmap to the four day week

The day after tomorrow: stress tests, affordability and the roadmap to the four day week

Calvert Jump, Robert ORCID: 0000-0002-2967-512X and Stronge, Will (2020) The day after tomorrow: stress tests, affordability and the roadmap to the four day week. Discussion Paper. Autonomy Ltd, Hampshire.

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Abstract

Summary of findings
• We provide a conservative, ‘worst-case’ scenario for the
impacts on profitability of a suddenly-implemented four
day week in the private sector.
• We find that a four day week with no loss of pay would
be affordable for most firms once the initial phase of the
Covid-19 crisis has passed.
• However, some firms in some industries would experience
cashflow problems if changes were implemented too
quickly.
• A four day week with no loss of pay will most likely be
implemented in the public sector before the private
sector.
• Public sector organisations could influence private
sector businesses through procurement policy and other
indirect routes.
• The process of changing expectations and behavioural
norms could be sped up by the creation of more bank
holidays, and the reintroduction of pro-union legislation.
Even if a four day week in the private sector took longer
than expected, a four day week in the public sector
could support the UK’s long-term recovery from the
Covid-19 crisis.

Item Type: Monograph (Discussion Paper)
Uncontrolled Keywords: Four day week, working time
Subjects: B Philosophy. Psychology. Religion > BF Psychology
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Faculty / Department / Research Group: Faculty of Business
Last Modified: 29 Jul 2021 10:56
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
Selected for REF2021: None
URI: http://gala.gre.ac.uk/id/eprint/31083

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