• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

This billionaire wants to reduce the number of hours people work

Emmanuel Abara Benson by Emmanuel Abara Benson
August 29, 2019
in Billionaire Watch, Business News, Company News, Diaspora
Jack Ma, This billionaire wants to reduce the number of hours people work
Share on FacebookShare on TwitterShare on Linkedin

Chinese billionaire and co-founder of Alibaba Group Holding Ltd, Jack Ma, believes it’s about time people begin to work fewer hours. His grand plan entails reforming the education system and making use of artificial intelligence. Will this ever work in a country like Nigeria?

What Ma Said: According to the billionaire, people in China are working too hard and it’s about time that gets changed. To this end, he is proposing a total of 12 hours per week which breaks down to very few hours of work per day. The robots will do the rest of the job.

Jack Ma stated this in Shanghai while discussing with Tesla Inc.‘s Elon Musk during a panel session at the World Artificial Intelligence Conference.

RelatedStories

Federal Government unveils plan to create 4.4 million jobs, boost local manufacturing 

FG trains 200,000 Nigerians on artificial intelligence to boost digital workforce 

May 6, 2025
New AI tool could cut cost of brain tumor diagnosis for millions in Nigeria 

NHRC seeks AI development regulations for Nigeria 

May 3, 2025

LIVE: Billionaires Elon Musk and Jack Ma debate at World AI Conference in Shanghai https://t.co/WpobXra74U https://t.co/RcNiyyF1Pt

— Bloomberg (@business) August 29, 2019

“For the next 10, 20 years, every human being, country, government should focus on reforming the education system, making sure our kids can find a job, a job that only requires three days a week, four hours a day.”

Possible problems: While this could potentially become one of the best things to have happened in the history of working, there are some questions to be answered. Analysts at Nairametrics have wondered whether the plan would entail a reduction in pay for Chinese workers or not. If salaries would be cut down considering the fewer working hours, then what’s the point really? However, if workers are to be paid their normal salaries in exchange for working fewer hours, then how nice!

Also, could this proposal potentially result in people losing their jobs? Do not forget that there has been a long-standing debate over the threat posed by technology and artificial intelligence to workers. Therefore, could Ma’s proposal be aimed at facilitating the AL takeover? We may never know for sure.

Bringing this home: The important question now is this: can this ever work in Nigeria? As good as it sounds, the answer is no. Due to a number of factors that are out of place, Nigeria is not quite prepared for the future of work.

  • The country’s education system is in shambles.
  • Poor infrastructure (both IT and regular) is the order of the day.
  • The economy has not advanced to the point we can depend on artificial intelligence to do the work humans can easily do at less cost.
  • There are millions of Nigerians that are unemployed; let’s get them working first.

[READ: Massive job loss looms in the banking sector]


Follow us for Breaking News and Market Intelligence.
Tags: 12 Hour Work Per WeekAlibaba Groupartificial intelligenceJack MaTesla IncWorld Artificial Intelligence Conference
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

Federal Government unveils plan to create 4.4 million jobs, boost local manufacturing 
Sectors

FG trains 200,000 Nigerians on artificial intelligence to boost digital workforce 

May 6, 2025
New AI tool could cut cost of brain tumor diagnosis for millions in Nigeria 
Sectors

NHRC seeks AI development regulations for Nigeria 

May 3, 2025
The Future is Here: Visa announces new era of commerce featuring AI 
Companies

The Future is Here: Visa announces new era of commerce featuring AI 

May 2, 2025
STEM education key to Nigeria’s $15 billion AI projection–Edtech founder  
Sectors

STEM education key to Nigeria’s $15 billion AI projection–Edtech founder  

April 10, 2025
Bill Gates drops to lowest billionaire rank in years
Sectors

Bill Gates predicts AI will make specialized knowledge widely accessible within a decade 

March 27, 2025
New AI tool could cut cost of brain tumor diagnosis for millions in Nigeria 
Sectors

NHRC to engage tech companies over AI harm prevention in Nigeria 

March 21, 2025
Next Post
FCMB Engages Entrepreneurs in Oyo State, Extends Free Business Finance Training

FCMB Engages Entrepreneurs in Oyo State, Extends Free Business Finance Training

Comments 1

  1. Alibaba Hooter says:
    August 29, 2019 at 12:03 pm

    Who cares..

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Health workers demand immediate payment of 7-month pay arrears to avert strike 
  • Top 10 largest cities in Africa by population 2025 
  • Nasarawa Assembly passes bill to regulate mining activities, imposes up to N10 Million fine on defaulters 

Follow us on social media:

Recent News

Doctors

Health workers demand immediate payment of 7-month pay arrears to avert strike 

May 14, 2025
Top 10 largest cities in Africa by population 2025 

Top 10 largest cities in Africa by population 2025 

May 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics