Mexican billionaire Carlos Slim is proposing a “radical overhaul” to the typical work week that might have you hoping your boss does the same. The 74-year old Telmex CEO is calling for a 3-day work week, where around 11 hours of work each day balanced by four days off would result in a better quality life for the employee and higher productivity for the company.
“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.”
His logic? Studies have shown that working less yields higher productivity, as you can see in the graph below. The United States is a country with one of the longest work weeks by comparison, according to the Economist, and countries such as Germany, Finland and Sweden have implemented similar plans with successful and productive results.
Slim, who is the second richest man in the world with an estimated net worth of over $80 billion, will be implementing this plan with the company that brought him his fortune in Mexican telecommunications, Telmex, where reportedly workers will be able to retire by the age of 50 or 60. However, the only downside to this plan would be that the average retirement age would fall around 70-75 years old.
What do you think about this plan? Would you be open to a three day work week? Let us know what you think!