New Survey: 81% of Young Adults Support Four-Day Work Week
A large majority of young adults support a four-day workweek, according to a national survey CNBC Make It reported.
Eighty-one percent of 1,033 respondents, aged 18 to 34, to a new national survey from CNBC/Generation Lab said that a four-day workweek would boost their company’s productivity, while 19 percent said that productivity would decline.
Those results from the “Youth & Money in the USA” survey come amid discussions around the potential benefits of switching from the standard five-day U.S. workweek to a four-day workweek without a pay cut.
A 2022 pilot program in the United Kingdom that found many companies maintaining the shortened schedule attracted the attention of an American lawmaker. In March 2023, Rep. Mark Takano (D-Calif.) reintroduced his 2021 bill to amend the Fair Labor Standards Act of 1938 to reduce the standard workweek from 40 hours to 32 hours. A year later, Sen. Bernie Sanders, (I-Vt.) introduced his own legislation that would reduce the standard workweek to 32 hours without a pay cut.
Exos, a U.S. coaching company that trains top athletes and leads corporate wellness programs, recently reported results from the first six months of an ongoing four-day workweek experiment. The company said that the shortened workweek increased efficiency, along with revenue and retention.
One of the issues the company encountered with implementing a four-day workweek has been making sure employees understand that having Fridays off “isn’t just another paid vacation,” Exos chief people officer Greg Hill told CNBC in April. It is to be used as an opportunity to recharge, take care of household responsibilities or finish any outstanding tasks so that employees are less stressed and distracted during the workweek.
“We had to spend some time making sure everyone understood that we weren’t just adding a day off to [their] calendar at random, but that those days should be for strategic recovery, honoring Exos’ ethos that work + rest = success,” he said.
Eighty-three percent of Gen Z and millennial workers (between the ages of 18 and 42 combined) said that they would support a four-day work week, an October 2023 Bankrate survey found. The percentage is slightly higher than that of older cohorts; 78 percent of Gen X and baby boomer workers (those between the ages of 43 and 77 combined) support a four-day workweek.
IAC and Expedia chairman Barry Diller supports the concept of the shorter work week.
“Not necessarily a four-day workweek, but four days in the office, and Fridays you can work from home or work at your own schedule,” said Diller on CNBC’s “Squawk Box” in April. “I think that is going to be the sensible evolution of all this, but it has to be standardized.”