> Or high performers who've recently become parents, or whose own parents are nearing end of life, or who have some other reason to want to spend more time with family.
I don't feel this is a fair assessment of what I'm proposing.
I haven't personally met a parent who would choose "8am to 6pm, Mon-Thu, strict, in an office" over "core hours of 11am to 2pm, Mon-Fri, more lenient, but put in 40 hours a week". I have met two parents who have left jobs that were more like the former, for jobs more like the latter. So, N=2, YMMV, etc.
Everyone wants freedom. Less freedom benefits no-one.
Choosing between "9am to 5pm, Mon-Thu, strict, in an office, paid 20% less" over "core hours of 11am to 2pm, Mon-Fri, more lenient, put in 40 hours a week" is hazier. I think depending on the nature of your responsibilities parents/caregivers might be pretty split. On the one hand, that 20% pay-bump is significant; but on the other hand, the freedom to be able to e.g. take a 90 minute lunch with your kids every day is priceless.
My point is stated very clearly in my first paragraph: These discussions get so damn hazy because when people hear "four day work week" many will think "32 hour week", many will think "32 hour week, paid at 100%", some will think "40 hours compressed into 4 days", there's no standard way to talk about this.
Choosing between "9am to 5pm, Mon-Thu, strict, in an office, paid identically" over "core hours of 11am to 2pm, Mon-Fri, more lenient, put in 40 hours a week" is obviously the most hazy. Its also not what most 4-day-a-week outfits do. Have you ever had a sick kid, the doctor has an opening in 30 minutes, its 9:30am, and you want to worry about also asking your boss "pretty please boss-man let me go take care of my family"? I still think there's be a good split between the two. Is your childcare hourly or daily? Is the second job remote or not? Lots of variables.