This document discusses the concept of downshifting, which refers to reducing work hours and spending in order to achieve a better work-life balance. It provides a brief history of downshifting originating from Henry David Thoreau distancing himself from consumerism. Some key reasons for downshifting include reducing stress, having more time for family and pursuing more fulfilling careers. Benefits of downshifting include increased happiness, health, and time. There are a few potential downsides from an employer's perspective like higher absenteeism and turnover.