We're moving to a four-day work week at Beacon
Quick refresher on productivity in economic terms: decreasing inputs = decreasing outputs UNLESS tech or technique improves. During supply and/or debt driven inflationary periods (eg. now), increased productivity = increased supply and/or decreased debt.<p>What do these maxims of economics mean for a 4 day work week?<p>At Beacon, nothing*. But implement this at Tyson Foods, Lockheed Martin, Boeing, Waste Management, the FX trading desk at JP Morgan Chase, etc. and you get 2-6% productivity declines & some amount of increased supply-driven inflation unless you offset with new technology (eg. software, robotics) or techniques.<p>Celebrate work from home, 4 day weeks, flex-time, etc.... but understand that as these benefits carry costs in important (not all) industries. Also, the migration to jobs having these benefits, from those important jobs that do not, drives inflation and/or illegal immigration and so-called "white collar" top-heavy joblessness risk during recession.<p>No free lunch, even on Fridays.<p>** Note: UK small business situation is concerning, even if it doesn't apply to Beacon: "Office for National Statistics (ONS) data, showing that 2 million (or about 40%) of the UK's small businesses had less than three months of cash in reserves to support operations. He noted that 10% (or 200,000) were in grave danger, and 300,000 only had a few weeks of cash left."