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Economics

Iceland Cuts Working Hours With No Productivity Loss, Same Pay

  • Two trials with shorter hours were ‘an overwhelming success’
  • Fewer hours have become the norm for the country’s workers

Iceland has achieved the holy grail for working stiffs: same pay for shorter hours.

Results from two trials of reduced hours showed no productivity loss or decline in service levels, while employees reported less stress and an improved work-life balance, researchers at U.K.-based think tank Autonomy and Iceland’s Association for Sustainable Democracy said in a report.