Iceland has shown impressive results after the large-scale implementation of a shortened working week. According to a study by the Association for Sustainable Development and Democracy of Iceland (Alda), the transition to a four-day work schedule while maintaining the same level of wages not only did not reduce productivity, but in many cases contributed to its growth, “MIR 24” reports.
Statistics show that over the period 2020-2022, more than half of the country's workers switched to a new work regime. The results were promising: workers noted a significant improvement in their psychological and physical condition. Cases of professional burnout decreased, anxiety levels dropped, and the balance between work and personal life became more harmonious.
The country's economic performance is also impressive: according to the International Monetary Fund, Iceland's economic growth will reach 5% in 2023, more than double the traditional 2%. This puts the country in second place in terms of economic growth among developed European countries, behind only Malta.
