Billionaire financier and Mets proprietor Steve Cohen mentioned he believes a four-day work week may quickly be the norm — an concept that has additionally influenced his 2023 investment in golf startup league TGL.
“I think I would have done the golf investment anyway, because I think there’s a longer-term thought, but my belief is a four-day work week is coming,” Cohen informed CNBC’s “Squawk Box” on Wednesday.
The growing presence of synthetic intelligence will seemingly additionally contribute to a shorter work week, in addition to the actual fact there are typically decrease productiveness ranges on Friday, Cohen mentioned.
Cohen’s household workplace Cohen Non-public Ventures purchased the rights to the New York Workforce within the new primetime, high-tech golf league. In keeping with reports, Cohen is in talks to additionally put money into the PGA Tour.
He added that though he is not certain when precisely the shift will happen, he believes the four-day work week is imminent.
“I just think it’s an eventuality. … That’s just going into a theme of more leisure for people, which means golf rounds that go up, interest will go up, [and] I guess courses will be crowded,” mentioned Cohen.
To make sure, he famous that if the markets stay open on Fridays, he would not anticipate letting his merchants take the time off.
“Forgetting us, I think the vast majority of people will get an opportunity, I think at some point, to have a three-game weekend.”
