Should Australia move to a four-day working week? | Close of Business // TRAIN BRAIN

Should Australia move to a four-day working week? | Close of Business

Australia's peak body for trade unions, the ACTU, is calling for a four-day work week to lift economic output and living standards ahead of next week's Economic Reform Roundtable. The Prime Minister Anthony Albanese has dismissed the idea, saying the government is not working on any such plans. The ACTU joins the Australian Manufacturing Workers Union and the Australian Nursing and Midwifery Federation, who are also calling for a shorter working week. Economist and lecturer at Deakin University Nataliya Ilyushina thinks focusing on working hours is the wrong approach. She says "when we are in a productivity crisis, experimenting with a four-day working week, no matter how exciting, this proposition is a really risky proposition and it's not a good time for that." Another factor that impacts productivity is chronic illness, researchers are counting the exact cost to business. This week also showed the jobs market is still resilient with the unemployment rate ticking down despite mass layoffs from tech and banking firms as they invest in artificial intelligence. We hear from one worker, who lost her job at LinkedIn after working there for seven years. LinkedIn's parent company Microsoft is shedding thousands of jobs globally. Plus, the S&P/ASX 200 touches a fresh record and the RBA cuts interest rates for the third time this year. Many economists expect the Reserve Bank to move again in November. Close of Business is presented by Alicia Barry.
#ABCBusiness
Subscribe: https://ab.co/3yqPOZ5
Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you.
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
For more from ABC News, click here: https://ab.co/2kxYCZY
Get breaking news and livestreams from our ABC News channel: https://www.youtube.com/user/NewsOnABC
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNewsIndepth #ABCNewsAustralia

ABC News In-depth

Welcome to ABC News In-depth, where you'll find our long-form journalism and explainers to help you understand what's going on in the world around you. You'll find all your favourite ABC News programs: Four Corners, Foreign Correspondent, Australian Stor...

Data centres are vital for AI but the environmental footprint could be a problem | 7.30

Elderly Australians left waiting for months to receive the care they need | 7.30

Samoa: Giant bridges, cash and court battles ahead of election | The Pacific | ABC News

The rise of romantic AI relationships | 7.30

?From war to wardrobe, history of the high heel | ABC Radio National

The financial strains of cancer | Four Corners

Will tax changes come out of the government's economic roundtable? | 7.30

Proposed zoning laws across Sydney could see the faces of several suburbs change | 7.30

Tax reform on the agenda as the government's economic roundtable ends | 7.30

Exposing the media’s short-term memory | Media Watch

Starting life as a newlywed with cancer | Four Corners

Was Jeffrey Epstein’s jail staircase a blind spot?? | If You're Listening

A copyright on faces and voices for combat deepfakes | ABC Radio National

New plan to divert children with autism away from NDIS | 7.30

Benjamin Netanyahu’s personal attack on Anthony Albanese | 7.30

Don’t regulate AI out of fear, says Business Council | 7.30

AI companions are changing people’s lives but what are the risks? | 7.30

‘We shouldn’t be regulating AI based on fear’ | 7.30

Alex Lloyd sees his mum for the first time in 34 years | Australian Story

Bank closures leaving regional communities feeling abandoned | 7.30

The 'evil drug' and court case that almost broke Alex Lloyd | Australian Story

Bank branch closures leaving regional communities feeling abandoned | 7.30

Economic reform roundtable kicks off in Canberra | 7.30

Trial of celebrity crocodile wrangler Matt Wright continues | 7.30

Is Mass Tourism Ruining Barcelona and Ibiza? | Foreign Correspondent

Are sovereign citizens dangerous? | Four Corners

Why online debates often fall short | Media Watch

Why Australians shunned these1980 Moscow Olympic athletes | ABC Radio National

Will the economic round table be a chance for real reform? | 7.30

Did Putin teach Trump the art of "no deal"? | Planet America

How COVID-19 fuelled the sovereign citizen movement | Four Corners

The Wallabies stun the Springboks with a historic win | 7.30

Sweden’s former PM lashes Trump over 'catastrophic' Putin meeting | 7.30

Europe's 'alarm' over Trump and Putin's Alaska meeting | 7.30

Investigating the growing threat to Australia’s democracy | Four Corners Documentary

What Putin won in Alaska | Planet America

How Alex Lloyd got off opioids | Australian Story

Trump/Putin meeting + Interview with Shadow Employment Minister Tim Wilson | Insiders | ABC NEWS

Let AI boost productivity, business leaders urge against over-regulation || Insiders: On Background

When deadly radium was considered glamorous | Radium Girls | ABC Radio National

How Israeli and Palestinian peace plans were hatched in Norwegian woods | If You're Listening

Trump stations National Guard in DC streets | Planet America

Israel says there have been no deaths in Gaza from starvation. What's their evidence? | 7.30

Should Australia move to a four-day working week? | Close of Business

What we know about Epstein's secret photos | If You're Listening

How the Trump admin reacted to Australia's recognition of Palestine | 7.30

Why Seven's burger story feels a little pre-packaged | Media Watch

Everyone is talking about productivity but what does it actually mean? | 7.30

The dangers posed by e-bikes and e-scooters | 7.30

Trump admin's 'disappointment and disgust' over Australia's decision to recognise Palestine | 7.30

Farmers angry about new emergency services levy | 7.30

ACTU pushing for four-day work week | 7.30

Housing crisis on the agenda at economic roundtable | 7.30

Union boss’s AI fears | 7.30

How AI is being used in our schools | 7.30

Is Anything Off Limits in Public Debate? | Not Stupid | Episode 2

Australia needs to take advantage of AI's potential, Scott Farquhar says | 7.30

What happened to the Biloela asylum-seeker family? | Australian Story

What's turning up in party drugs? | ABC Radio National

China and Russia increase investment in Antarctica | 7.30

Australia needs to take advantage of AI's potential, Scott Farquhar says | 7.30

Reserve Bank cuts interest rates for third time this year | 7.30

World Heritage-listed Ningaloo Reef hit by 'catastrophic' bleaching event | 7.30

Is it theft if AI takes an artist’s music for free? | 7.30

Measles outbreak in US prompts criticism of Robert F Kennedy Jr | 7.30

Israeli Ambassador pushed on Gaza starvation numbers | 7.30

Australia announces it will recognise a Palestinian state | 7.30

Texas Democrats flee the state to stop Trump rigging the midterms | Planet America

Why this Texas politician went into hiding | Planet America

Navigating life after economic abuse| ABC Radio National

Israel/Palestine Conflict Escalates + Interview with Deputy PM Richard Marles | ABC News | Insiders

Forget what you think you know about disability | ABC News

The Saints on trial: How a religious cult let a child die | Compass

How do we keep big tech in line? || Insiders: On Background

Weird origins of the trade union movement | ABC Radio National

Are the MAGA podcasters right about Epstein? | If You're Listening

Gerrymandering showdown kicks off midterms battle | Planet America

Australia's share market hits new highs as earnings season kicks off | Close Of Business

Why elephants are being trucked out of city zoos in Australia | 7.30

The reality for one Gaza family struggling to find food and water | 7.30