I'm pretty sure we can be 100% effective just for a few hours per day. 8 hours may be too much for some people, wasting this time. I think it's not about days, but hours we spend on work per day.
I think the focus on 4 days is maybe a little overrated: I think the workload should be more dependent on tasks completed, and this translates more to the amount of hours worked rather than days. I might have 4 really intense days with many hours or 5 more relaxed day with less hours per day. Definitely prefer more relaxed days for the most part.
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