Carlos Slim Calls for a Three-Day Working Week Jude Webber - FT.com
go to original July 20, 2014

MEXICO CITY - We’ve got it all wrong, says Carlos Slim, the Mexican telecoms tycoon and world’s richest man: we should be working only three days a week.

Attending a business conference in Paraguay, Mr Slim said it was time for a “radical overhaul” of people’s working lives. Instead of being able to retire at 50 or 60, he says, we should work until we are older – but take more time off as we do so.

“People are going to have to work for more years, until they are 70 or 75, and just work three days a week – perhaps 11 hours a day,” he told the conference, according to Paraguay.com news agency.

“With three work days a week, we would have more time to relax; for quality of life. Having four days [off] would be very important to generate new entertainment activities and other ways of being occupied.”

The 74-year-old self-made magnate believes that such a move would generate a healthier and more productive labour force, while tackling financial challenges linked to longevity.

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