Viewing posts for the category workweek
Mexican magnate Carlos Slim, one of the richest people in the world, has explained the benefits of a 3-day workweek, explaining that the labor force would be healthier and more productive. He does, however, suggest that the workday should be up to 11 hours, which would make for a 33 hour workweek. Definitely an improvement, but not quite what we're aiming for here. Of course, we have to expect that change will be gradual, so this is a good step for sure. He also suggests that people should work until they are 70 or 75. This seems good to me. If people start taking better care of themselves, they should be easily able to work until that age, especially at 10 hours a week. If they live longer, then having a longer retirement will start to put a real burden on their finances (and those of their families). Also, more automation and less physical labor should mean that there would be more jobs available to those in their older years. Finally, having people work longer in their lives would mean less work for everyone in terms of hours per week!