Billionaire Carlos Slim calls for three-day working week and later retirement
Mexican tycoon argues a shorter, but longer, working week would boost productivity and happiness
Carlos Slim, the world's second richest man, has called for a three-day working week, arguing that a shorter week, offset by longer hours and later retirement, would boost productivity and improve our quality of life.
"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," the Financial Times quoted Slim as saying during a business conference in Paraguay.
He added: "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."
This isn't the first time the Mexican tycoon calls for a radical overhaul in working hours and retirement. In an interview with Mexico's El Universal newspaper, Mr Slim suggested that the retirement age should be raised to 70, arguing that the current pensions system was established “when jobs were more physical and people died at 60, but now we live until 85 or 90.”
Mr Slim is frequently ranked as the world's second richest man thanks to his America Movil telecoms empire. The company's dominant position across Latin America and his native Mexico, where America Movil is the number one operator, has made him worth $71.5 billion (£41 billion), according to Bloomberg.
- 1 Video shows how to turn your phone into a 3D hologram
- 2 Artist Jamie McCartney: How The Great Wall of Vagina is a stand against 'body fascism'
- 3 Katie Hopkins reveals fear she will die during brain surgery to cure epilepsy
- 4 'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
- 5 Dutch King Willem-Alexander declares the end of the welfare state
Katie Hopkins reveals fear she will die during brain surgery to cure epilepsy
Tensions flare as Confederate flag supporter reaches for gun when confronted by protests – in pictures
'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
The Vatican on space: The discovery of intelligent life wouldn't mean there's an alien Jesus somewhere in the universe
Tom Cruise: Reporters banned from asking actor about Scientology
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor Chris Leslie
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...
£13000 - £15000 per annum: Recruitment Genius: Are you passionate about custom...
£22000 - £25000 per annum: Recruitment Genius: Main purpose: Under the directi...
£35000 - £37000 per annum + benefits : Ashdown Group: Contracts Manager - City...