Mexican billionaire Carlos Slim is calling for a shorter work week, and thinks the system of a 3-day work week working 11 hours a day will improve the quality of life. The trade off: we will be working long into life, but a new system might be worth it.
Slim explains more in Financial Times:
“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. He is putting his money where his mouth is. In his Telmex fixed-line phone company in Mexico, where workers on a collective labour contract who joined the company in their late teens are eligible to retire before they are 50, he has instituted a voluntary scheme allowing such workers to keep working, on full pay, but for only four days a week.