Billionaire Carlos Slim, age 73, says workers—those in developed economies, anyway—are at their prime in their 60s and there is no reason for them to retire.
“When you have an industrial economy like in the past where people … do a lot of physical work and people live less years, it’s OK to retire at 65,” Slim told CNBC. “(But) When you have a society of knowledge and experience and information, at this age is where you are at your best.
“It’s [foolish] to retire at this age. You don’t have the physical work, and you have the intellectual work and you are in your best in your 60s,” said the Mexican business magnate, whose worth of around $72 billion makes him the world’s second richest man after Bill Gates.
Chosen excerpts by Job Market Monitor