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Mar 13, 2024

Inside Chile’s plan to shorten the workweek

A year ago, Chilean officials voted to reduce the workweek from 45 hours, longer than in most industrialized countries, to 40.

Things can't keep going up and up forever ... right?
by David Brancaccio
Driven by optimism about profits from artificial intelligence and the apparent soft landing for the U.S. economy, the S&P 500 posted a new all-time closing high on Tuesday, up 1.1%. Susan Schmidt, head of public equity at the State of Wisconsin Investment Board, has the bull’s case.
Chile cuts its working week to from 45 to 40 hours
by Jane Chambers
MARTIN BERNETTI/AFP via Getty Images
Chile has approved a law saying that businesses need to cut their employees’ hours from 45 hours to 40 hours a week to help give everyone a better work-life balance.