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Bruno_Coelho comments on question: the 40 hour work week vs Silicon Valley? - Less Wrong
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I would probably be able to get the same amount of work done in a 30 or even 20 hour week, given the amount of time wasted on meetings/email/waiting for data in an average office. Boss wouldn't want to pay me the same for a 20hr work week though.
Bet if companies cut in half the number of 'meetings', the productivity gain would be good enough to make a 40h/week for a lot of workers.