51: Should we move to a four day week?

Is a four day working week realistic — or desirable? Chris Jeffery from our Asset Allocation team and Lara Bernard-Villeneuve in our Active Fixed Income team have looked at the data and think it’s more than a leftist’s pipe dream. Set in the context of a history of declining working hours in industrialised countries, the move does not seem so stark – and need not necessarily trigger a drop in wages. In fact, the boost in productivity accruing to companies and countries who have trialled the measure is clear. With investment implications that stretch from tipping the balance in the workforce away from labour and towards capital-intensive production methods, to a boon for leisure sectors and female participation, join us for an interesting discussion on the opportunities and risks of reduced working hours. Read the latest insights from the Active Fixed Income team here: https://futureworldblog.lgim.com/asset-classes/bonds/ •    Chris Jeffery, Strategist, Asset Allocation •    Lara Bernard-Villeneuve, Junior Portfolio Manager, Active Fixed Income •    Mark Chappel, Senior Investment Writer We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.