Advertise with

Get paid more for fewer hours: Richard Branson
Get paid more for fewer hours: Richard Branson

Get paid more for fewer hours: Richard Branson

RETAILER NEWS - Jul 15th 2014, 10:25

Business magnate Richard Branson believes that the advance of technology could help accelerate the marketplace to much smarter working practices. 

Founder of Virgin Group, Branson said he believes the way we all work is going to change in the coming years.

Speaking on his blog, he pointed out that Google’s Larry Page and others have said that the amount of jobs available for people is going to decrease as technology advances.

“New innovations will drive industries forward, but they will also reduce our reliance on people power. Ideas, such as driverless cars and drones, are becoming a reality, and more and more jobs will use machines in the future. Who knows, maybe even pilot-less planes, could become reality one day,” he said.

On the face of it, Branson said that this sounds like bad news for people. “However, if governments and businesses are clever, the advance of technology could actually be really positive for people all over the world. It could help accelerate the marketplace to much smarter working practices.”

He said that the idea of working five days a week with two-day weekends and a few weeks of annual holiday is just something people accept.

“For some reason, it is considered set in stone by most companies. There is no reason this cannot change. In fact, it would benefit everyone if it did,” the entrepreneur said.

Branson said that people at Virgin already have flexible working options. “Many people out there would love three day or even four day weekends. There are a lot of people out there who would want to job share, and would love longer holidays.”

He said that by working more efficiently, there is no reason why people cannot work less hours and be equally – if not more – effective.

“People will need to be paid more for working less time, so they can afford more leisure time. That’s going to be a difficult balancing act to get right, but it can be done.”
From 2014 Copyright, BusinessTech. All right reserved. 

Related News

Physical stores are not dead, but boring retail is
05/04/2019 - 16:18
Retail is not dead, and physical stores are not dead, but "boring retail" is dead, according to Linah Maigurira, Google's head of retail business in South Africa.

Fossil sells smartwatch technology to Google in $40m deal
21/01/2019 - 09:47
Fossil has sold its “smartwatch technology currently under development” to Google in a deal worth $40 million (£31 million).

The signs are here that South Africa has reached its economic crossroad
03/12/2018 - 11:37
While South Africa attempts to shore up its own economy amid high inflation rates and a stuttering inherited financial system, the continent as a whole continues to grow. The big question, though, is whether South Africa will get left behind in terms of international investment if it doesn’t improve its financial situation, and how to avoid this.

Egypt lifts SA fresh goods ban as listeriosis threat subsides
20/09/2018 - 14:32
The department of agriculture, forestry and fisheries says Egypt's government has lifted its temporary suspension of fresh fruits and vegetable imports from South Africa, which stood as a precaution to prevent the spread of listeriosis there.

Google tipped to open first permanent retail store
20/08/2018 - 11:42
Google is understood to be planning to open its first permanent standalone retail store in the US to sell its growing range of products.