icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
22 Jun, 2017 09:28

Jack Ma predicts in 30yrs people will work 4 hours a day

Jack Ma predicts in 30yrs people will work 4 hours a day

People will work much less three decades from now, according to Jack Ma, the founder of Chinese e-commerce giant Alibaba.

"People [will] only work four hours a day and maybe four days a week. My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy," Ma told CNBC in Detroit at the Gateway 17 conference for entrepreneurs.

The prediction corresponds to the one made by famed economist John Maynard Keynes, who said in 2030 that the working week would be about 15 hours, as automatization will substitute workers.

Ma said the rich and the poor, bosses and their employees would be increasingly affected by automation. "The first technology revolution caused World War I," said Ma. "The second technology revolution caused World War II. This is the third technology revolution."

Ma also predicted that people will be able to travel to a greater number of destinations than now.

"Normal people visit, like, 30 places. Thirty years later, they will probably visit 300 places," he said.

Former English teacher Ma founded Alibaba in 1999. The company unites a family of internet-based businesses, which enables users to buy or sell anywhere in the world. It has developed businesses in consumer e-commerce, online payment, business-to-business marketplaces, and cloud computing, and has started developing mobile apps, mobile operating systems, and internet TV.