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Before you celebrate Iceland s four-day work week, read this
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The success of Iceland s four-day week sounds too good to be true – because it indeed is
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The success of Iceland s four-day week trial greatly overstated
Reykjavik, Iceland. (Photo / Getty Images)
The success of Iceland s four-day week trial greatly overstated
It almost seems too good to be true: a major trial in Iceland shows that cutting the standard five-day week to four days for the same pay needn t cost employers a cent (or, to be accurate, a krona).
Unfortunately, it is too good to be true.
While even highly reputable media outlets such as the BBC have reported on the overwhelming success of large-scale trials of a four-day week in Iceland from 2015 to 2019, that s not actually the case.
The success of Iceland s four-day week trial has been greatly overstated
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Laguna Beach Local News
Andrew Soliz in his showroom at Tatankamani.
While thousands of small businesses across the state have been forced to permanently shut down due to COVID-19âsome 19,000 according to a September Yelp economic reportâother local entrepreneurs have established new vocations.
According to Yelp’s local economic report, in California, âroughly 20 businesses per thousand temporarily or permanently (closed) their doors since March 1.â
But many others have opened. The pandemic actually inspired woodworker Andrew Soliz to open Tatankamani Woodworks last November in Laguna Canyon with the help of government subsidy money that allowed him to shift from his slowed down construction business to opening up his own shop.