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Wednesday, March 2, 2011

Shorter working hours - solve unemployment problem

Hi Mr. Tan,
An interesting article on how shorter working hours could be beneficial. Food for thought.
http://www.lifehack.org/articles/lifestyle/are-you-working-harder-or-working-smarter-looking-at-the-40-hour-work-week.html


Quote:
“A much shorter working week could help to tackle a range of urgent and closely related problems: overwork, unemployment, over-consumption, high carbon emissions, low well-being, entrenched inequalities, and the lack of time to live sustainably, to care for each other, and simply to enjoy life. It would enable many more people to join the workforce and allow for measures to reduce damaging levels of inequality….We’d have more time to be better parents, better citizens, better carers and better neighbours. And we could even become better employees: less stressed, more in control, happier in our jobs and more productive.”
unquote


KHL


REPLY
I was advocating this approach for a long time as an effective way to solve the global unemployment problem. Each country should set aside a cap on the working hours, so that all its citizens will have access to work. But it requires the country to protect some of its domestic industries from global competition.

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