World's second richest man calls for three-day work week

Mexican businessman Carlos Slim attends the 20th annual meeting of the Circulo de Montevideo...

Mexican businessman Carlos Slim attends the 20th annual meeting of the Circulo de Montevideo Fundation in Luque, Paraguay July 17, 2014. (REUTERS/Jorge Adorno)

QMI Agency

, Last Updated: 11:16 AM ET

The second richest man in the world says people should only have to work three days a week.

Carlos Slim, the CEO of Mexican telecom company Telmex, told attendees at a business conference in Paraguay this week that it's time for a "radical overhaul" of people's work lives, the Financial Times reports.

He said people should work well into their golden years, but take a lot more personal time along the way.

"People are going to have to work for more years, until they are 70 or 75, and just work three days a week — perhaps 11 hours a day," he told the conference.

"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."

Slim, 74, has instituted a voluntary program at Telmex where workers can stay on past retirement at full pay for four days a week.


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