A four-day workweek could increase productivity among young people, according to a new survey by CNBC and Generation Lab.

A four-day workweek could increase productivity among young people, according to a new survey by CNBC and Generation Lab.
A four-day workweek could increase productivity among young people, according to a new survey by CNBC and Generation Lab.

Young adults are throwing their support behind calls for a four-day workweek.

According to a recent survey by CNBC/Generation Lab, 81% of respondents aged 18 to 34 believe that a four-day workweek would increase their company's productivity, while 19% said productivity would decrease.

Discussions about the potential benefits of a four-day workweek without a pay cut are ongoing, as the results from the "Youth & Money in the USA" survey have been released.

Some businesses have started implementing this setup and claim it has reduced employee exhaustion and improved corporate outcomes.

Recently, Exos, a U.S. coaching company, reported that their four-day workweek experiment led to increased efficiency, revenue, and retention after six months.

Other four-day workweek trials have shown similar gains.

While most participants in the CNBC/Generation Lab survey concurred on workweek duration, there was less consensus when it came to work environment. Specifically, 60% of respondents stated that they perform optimally in the office, while the remaining 40% asserted that they do so remotely.

In Congress, there are supporters of reducing the workweek beyond the workplace. Sen. Bernie Sanders, I-Vt., introduced a bill in March that proposes a standard workweek of 32 hours without a change in pay. This bill is a companion to one reintroduced in the House of Representatives in March 2023 by Rep. Mark Takano, D-Calif., after it failed to advance upon its first introduction in 2021.

Some prominent business leaders have also shared their predictions for the workweek's future.

Barry Diller, IAC and Expedia chairman, believes that companies will implement a policy of working four days in the office and having a flexible Friday.

""While not a traditional four-day work week, having four days in the office and the option to work from home or at your own pace on Fridays is a reasonable evolution, but it must be standardized," he stated on CNBC's "Squawk Box" in April."

Steven Cohen, the billionaire financier and owner of the New York Mets, predicts that a four-day workweek will become more widespread in the future due to the increasing use of artificial intelligence and lower productivity on Fridays. This belief influenced his 2023 investment in golf startup league TGL.

Cohen stated on "Squawk Box" in April that he believed he would have made the golf investment regardless of the short-term thought, but he felt a four-day workweek was imminent.

Looking to earn extra money online? Sign up for CNBC's online course "How to Earn Passive Income Online" to discover common passive income streams, tips to get started, and real-life success stories. CNBC Make It readers can use the discount code CNBC40 to get 40% off through 8/15/24.

Sign up for CNBC Make It's newsletter to receive expert advice on work, money, and life.

I live above a mall in Miami for $4,150/month: Take a look inside
by Alex Koller

Make It