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
Lucha libre wrestlers struggle to survive amid virus
Few of Mexico’s cultural traditions have.
What will happen to TikTok after Trump’s ban?
The United States will restrict the.
Intellectuals demand that López Obrador not attack freedom of expression. He strikes back at them.
More than 650 intellectuals demanded that.
Ruth Bader Ginsberg Dies, US Election Changes Course
Supreme Court Justice Ruth Bader Ginsburg,.
Seizures of fentanyl drug up 465% in Mexico
MEXICO CITY (The Associated Press) —.
Gabriel Quadri invokes “TUMOR” All united against Morena
Former presidential candidate Gabriel Quadri all.
Residents of Valladolid take justice on their own hand
VALLADOLID.— Tired that several robberies have.
He went in search of the “American Dream” and now his family tries to repatriate his remains
Like many young people in southern.
American citizen caught smuggling 13,000 rounds of ammo into Mexico
MEXICO CITY (AP) — The Mexican.
Cancun’s Equity Park: a project of inclusion and environmental consciousness
The Strategic Projects Agency ( Agepro ) of Quintana Roo presented this.