On a technical legal note, U.S. overtime laws have long since institutionalized the 40-hour week for non-exempt (generally lower skilled) employees and that remains the overwhelming norm in the economy. In that sense, there is no need to "bring back" the 40-hour week. It never went away.
If, as the author seems to espouse, the goal is to impose a strict weekly limit on the higher-skilled employees as well (in the case of Silicon Valley, tech professionals), it takes laws to do that and laws restrict freedom. Granted that efficiency studies might cause some employers to adopt strict hourly limits as a matter of company policy, or that individual lifestyle choices might cause a given employee to run in horror from the idea of slave-like work hours, do tech professionals really want to be prohibited from making such choices for themselves? It is one thing to say that laws are needed to protect those who cannot protect themselves. It is quite another to impose the force of law on what really is a lifestyle choice to be made by those who are equipped and smart enough to make it for themselves. Trying to "bring back" the 40-hour week from this perspective is, in my view, a very bad idea that would seriously harm the tech-driven companies that populate the startup world.