Bloomberg News recently conducted a wide-ranging interview with Carlos Slim, chairman emeritus of América Móvil, who is Mexico’s richest individual.
Can you tell us about your plan for shorter workweeks?
Shorter workweeks are a solution to civilization shifts. Historically, the more technology advances and the more progress there is, people work less. What’s happening now is that people live longer, in better health, and without the need for physical effort. This civilization demands more knowledge, more experience, less physical exertion. Productivity has increased exponentially—despite the denial of some economists. And we see that’s why unemployment is a big problem in a lot of countries, but more specifically Europe. It’s important that people don’t retire at 50, 60, or 65 years old. I think people should retire later, because they’ll have more knowledge and experience. And I think they should work three days a week, so that it creates space for others.
This way, there will be less need for transportation. Nations wouldn’t have to face early retirements that are financially destabilizing. The quality of life and having four days a week free would encourage a lot of economic activities—more tourism, entertainment, sports, culture, and education. People can take advantage of those extra days to keep learning.
Would people earn less this way?
No, I think the companies that can take this on are those in which productivity has led to excess personnel. It’s a great change to exchange fewer days of work for more years until retirement. In fact, we started this in Telmex [América Móvil’s fixed-line unit] a couple of years ago. We’re offering people that have a lot of knowledge to stay longer and work fewer days.
To read the complete interview, click here.
more recommended stories
Cozumel returns to lead the cruise industry in Mexico and South America
The general director of the Port.
According to Mexican businessmen, the Maya Train project will only be profitable for Quintana Roo and Yucatán
In spite of the planning of.
2018 Merida’s International Festival of the Maya Culture has been cancelled
The State Government reported that it.
Organic products are becoming more popular in Mérida
Everyday, more and more companies offer.
Local transport companies will invest 250 million pesos in new Cancun-Tulum Metrobus
In order to cover the growing.
While Venezuelans suffer and die of hunger, Maduro eats at one of the most expensive restaurants in the world (VIDEO)
A viral video showing Venezuelan president Nicolás.
Tulum’s “La Calma” Ecoresort master plan rejected by Semarnat
On September 12th, the environmental organization.
Organ donation culture increases in Yucatan
September 17, 2018 (ACOM) .- The.
New air route Merida-Villahermosa
Viva Aerobus, Mexico’s ultra-low-cost airline, with.
Criminology expert warns about possible increase of organized crime activity in Yucatán
“Poverty levels in the state of.