TIME

The World’s Second-Richest Man Thinks You Should Work Only 3 Days a Week

Mexican businessman Slim attends the media after talking in the 20th annual meeting of the Circulo de Montevideo Fundation in Luque
Mexican businessman Carlos Slim attends the 20th annual meeting of the Circulo de Montevideo Fundation in Luque, Paraguay July 17, 2014. Jorge Adorno—Reuters

But retirement would be delayed until age 70 or 75

Carlos Slim, the world’s second-richest man finally said the one thing we’ve all been waiting for a self-made billionaire to say: work less. Way less.

At a business conference in Paraguay, the telecommunications magnate said it was time for a “radical overhaul” in the way people work, the Financial Times reports: people should only work three days a week.

“With three work days a week, we would have more time to relax; for quality of life,” Slim said. “Having four days [off] would be very important to generate new entertainment activities and other ways of being occupied.”

Well said, Mr. Slim. Well said.

But there’s a catch: in exchange for working fewer days a week, we should work for more of our lives. Instead of retiring at 50 or 60, workers should work until the age of 70 or 75, the 74-year-old Slim said.

Slim is the CEO of Telmex, which recently instituted a labor contract for workers to begin in their late teens and retire before they turn 50, with the option of continuing to work past retirement at four days a week for full pay.

Slim is worth upwards of $80 billion, according to Forbes, and is a major philanthropist and passionate Rodin collector.

[FT]

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