Economists claim cutting the working week down to just 20 hours will boost growth by creating more jobs
The New Economics Foundation (NEF) will meet with experts in London this week to find a solution to unemployment and the continuing credit crunch.
The NEF suggests that decreasing the working week to 20 hours is the key to increasing the number of jobs available and improving quality of life.
‘There’s a great disequilibrium between people who have got too much paid work and those who have got little or none,’ says co-author of the report, Anna Coote.
She argues that the government need to consider what consititutes economic success. If the working week is decreased, there will be a reduction in salaries but individuals will have more time to carry out worthy tasks.
The NEF argues that parents could spend more time with their children and there would be more opportunity for people to get involved in civic duties and charity work.
The UK has the longest working week of any major European economy and economists believe that as technology improves, people will be able to spend less time in the office.