August 1, 2014

THAT'S AS MANY HOURS AS WE'RE PRODUCTIVE A WEEK:

Carlos Slim says three-day work week should be standard. (Ellen Meyers, JULY 21, 2014, CS Monitor)

Carlos Slim is calling for a "radical overhaul" of how people work. People shouldn't retire when they are 50 or 60 - instead, people should work until they are older, but take more time off during their longer careers, says the Mexican telecoms tycoon, and now the richest man in the world.

"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 said at a business conference in Paraguay last week, according to Paraguay.com, as translated by the Financial Times. A three-day work week would allow people to relax more and lead to a healthier and more productive labor force, Slim says. Plus, working beyond your fifties and sixties would benefit people financially, he added.

Slim isn't the only businessman calling for shorter work weeks. Last month, Google co-founder Larry Page shared his vision for a future where the average person had shorter work weeks and took longer vacations, as the Monitor has reported. Mr. Page said the things that make people happy are housing, security, and opportunity for your children. He also mentioned how Richard Branson, the founder of Virgin Group, is advocating for employers in the United Kingdom to hire two part-time employees rather than one full-time employee. That way, young people can work some hours rather than none at all, Page says.

"Most people like working, but they'd also like more time with their family or to do their own interests," he says.
Posted by at August 1, 2014 4:30 PM
  
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