New Zealand’s four-day work week, and other economics experiments inspired by COVID-19

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The COVID-19 pandemic, for better and mostly for worse, could turn out to be the greatest psychology, sociology, environmental, and public health experiment the world has ever known. 

Above all, it is an economic experiment. The sudden stop is testing every econ department theory about global supply chains, fiscal and monetary policy, public confidence, and unemployment. Let’s not let the opportunity go to waste. 

Lionized Prime Minister Jacinda Ardern yesterday recommended that New Zealand employers adopt a four-day work week. The long weekends would kickstart domestic tourism, reviving one of the most important sectors of the New Zealand economy. 

Great

Read more    Source: businessinsider.com

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