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Introduction

The Armenian economy has reported a notable growth of 5.9% in 2024, propelled by various economic reforms and initiatives. Amidst these developments, the Armenian government has proposed a significant reduction in the workday, marking a transformative period for the nation’s labor market.

Conservative Perspective

From a conservative standpoint, the proposed reduction in work hours poses potential risks to productivity and economic stability. Skeptics argue that maintaining the same salary while reducing hours might lead to decreased output and hindered economic momentum. The concerns mirror traditional economic principles, suggesting that increased leisure could undermine work ethic and economic growth. There is apprehension that Armenia’s recent economic advancements could be jeopardized if businesses fail to adapt efficiently to a shorter workweek.

Liberal Perspective

Liberals, conversely, view the proposal as a progressive step towards improving work-life balance and enhancing worker productivity. They argue that reduced hours can lead to healthier living and increased job satisfaction, ultimately contributing to better economic performance. As Deputy Minister Ruben Sargsyan noted, the transition could create a more dynamic labor market, fostering sustainable growth without compromising on economic security. This approach aligns with several global experiments that have shown positive outcomes. Additionally, the Armenian government’s effort to engage the public through consultations showcases a commitment to inclusive decision-making.

Conclusion

Armenia stands at a crossroads where economic reform indicates potential growth and challenges. The nation’s decision to redefine work hours could either bolster or challenge its economic trajectory. While conservative voices warn of potential pitfalls, the liberal viewpoint anticipates a pioneering model for a modern workforce. As discussions and implementations unfold, the outcomes will be crucial in shaping Armenia’s economic and social future.