Economics
Iceland Cuts Working Hours With No Productivity Loss, Same Pay
- Two trials with shorter hours were ‘an overwhelming success’
- Fewer hours have become the norm for the country’s workers
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Iceland has achieved the holy grail for working stiffs: same pay for shorter hours.
Results from two trials of reduced hours showed no productivity loss or decline in service levels, while employees reported less stress and an improved work-life balance, researchers at U.K.-based think tank Autonomy and Iceland’s Association for Sustainable Democracy said in a report.