Mexican Billionaire Carlos Slim Calls for Three-Day Workweek to Improve Quality of Life

Mexican billionaire tycoon, Carlos Slim, has called for the introduction of a three-day working week, offset by longer hours and a later retirement, as a way to improve people’s quality of life and create a more productive labour force.


Slim made the comments when speaking to a business conference in Paraguay, suggesting that the workforce could be spread over a full week, with employees working up to 10 or 11 hours a day.

“With three work days a week, we would have more time to relax; for quality of life,” the Financial Times reports Slim saying.

The business conference, Growing Together – States and Enterprises, was held in Asuncion and was attended by business and political leaders from across Latin America.

“Having four days [off] would be very important to generate new entertainment activities and other ways of being occupied,” Slim said. He said current retirement ages come from a time of lower life expectancies, and should rise to 70 or 75.

Slim – routinely identified as one of the two richest people in the world – is the CEO of Telmex, a fixed phone line communications company which recently offered its employees a new form of contract.

Telmex employees who joined in their teens can access early retirement, and anyone who wants to work beyond retirement can do so at full pay but a reduced load of four days a week.

Slim, who is also the head of mining company Minera Frisco, is estimated to have a personal net worth of $80bn – around the same as Bill Gates.

Some small companies in Australia have instigated a four-day week flexible workplace policy, and advocates cite improvements in employee health and environmental impact as possible benefits.

#story_page_post_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}