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This is equivalent to buying 3 extra days of free time with 60% of your income. You want more (holidays, in this case) and you buy them with work.

It’s 3 extra days per week OP. People live for a bunch of weeks. It’d only be 3 days total if they had the lifespan of a moth

Working 2 days a week is a 60% reduction in work, thus the 60% reduction in salary.