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Denmark to raise retirement age to 70

telegraph.co.uk

241–250 of 1001 posts

Re: Denmark to raise retirement age to 70

#241
post #180

[flagged]

Those who downvote you should find statistics from Denmark which migration sources are net positive and which ain’t.

No, you're reversing the burden of proof. People who make bold claims need to back them up somehow. If they fail to do so, their posts have no information value and should be downvoted.

Re: Denmark to raise retirement age to 70

#242

Earlier quoted context omitted.

Like med schools in the US

The US docotor shortage is a myth. Wait times are the result of beauracratic nonsense has reduced the efficiency of the existing physician workforce [1, 2]. [1] https://jamanetwork.com/journals/jama/article-abstract/26132... [2] https://hbr.org/2020/03/the-problem-with-u-s-health-care-isn...

Do you have evidence for this? Seems plausible, although I would have thought mis allocation also happens across specialties

Re: Denmark to raise retirement age to 70

#243
post #9

This is because of their low birth rate primarily right? I think the system has failed at this point, when you are expected to work that long.

It's not that you are expected to work that long. It is a case of not being expected to work longer than that. You are always welcome to retire earlier if you have the financial means to do so. You are also welcome to work longer than that should you have the desire to do so.

Of course, those last two sentences are tongue in cheek.

The real problem is that certain segments of society are not compensated for their labor at a rate that would allow them to retire early, and may even have to work beyond retirement age in order to supplement their stipend. Worse yet, these people often work in sectors that offer few affordances for them to maintain their health into old age and may even push them into living conditions that are detrimental to their health (assuming their job isn't detrimental to their health in the first place).

Ideally, people would be able to retire when they want (within reason). The reality is that some people can retire at a relatively young age while others don't really have that option.

Re: Denmark to raise retirement age to 70

#244
post #9

This is because of their low birth rate primarily right? I think the system has failed at this point, when you are expected to work that long.

The system has effectively failed most everywhere on the West. The post-WWII generations are numerous and have a long life expectancy, apparently longer than the pension systems planned for. Generations that came after them are less numerous, and, in a way, somehow less prosperous. They cannot pay enough to keep the pension systems afloat.

The Japanese faced this earlier and harder than Europe, with about 30% of their population being past the retirement age. They increased their productivity very significantly, but it's still not enough, and a lot of older folks in Japan keep working well past the retirement age, sometimes even re-hired by the companies from which they had retired.

Re: Denmark to raise retirement age to 70

#245
post #9

This is because of their low birth rate primarily right? I think the system has failed at this point, when you are expected to work that long.

Higher life expectancy more like, the state can't afford for people to spend 20 years unproductive. This is a much less acute issue in the USA and Russia where health is poor and life expectancy low.

Re: Denmark to raise retirement age to 70

#246
post #9

This is because of their low birth rate primarily right? I think the system has failed at this point, when you are expected to work that long.

It is. And this is the case in all western countries. It is just being realized in different ways. Fundamentalle there are 3 ways to cope 1. reduce pensions 2. Raise taxes 3. Decrease amount of benefit receivers. Denmark choose number 3

4. They must attract skilled immigrants in significant numbers.

Most don't want to so they have to compensate via taxes and higher pension age.

Re: Denmark to raise retirement age to 70

#247

Earlier quoted context omitted.

Like med schools in the US

The US docotor shortage is a myth. Wait times are the result of beauracratic nonsense has reduced the efficiency of the existing physician workforce [1, 2]. [1] https://jamanetwork.com/journals/jama/article-abstract/26132... [2] https://hbr.org/2020/03/the-problem-with-u-s-health-care-isn...

:. urban areas do not have a physician shortage?

Re: Denmark to raise retirement age to 70

#248
post #225

Earlier quoted context omitted.

It is. And this is the case in all western countries. It is just being realized in different ways. Fundamentalle there are 3 ways to cope 1. reduce pensions 2. Raise taxes 3. Decrease amount of benefit receivers. Denmark choose number 3

That omits the essential fact that economies tend to grow - quite a bit over your lifetime. 2% compounded annual growth over 50 years will result in the economy being 2.7x its starting size.

Economic growth in the abstract doesn't help much, because a retiree is only on the consumer side of the equation. 2% compounded annual growth over 50 years will result in the average worker consuming a lot more stuff, and they're not going to be happy if they have to throw that all out and embrace a 1970s-era standard of living when they retire.

Re: Denmark to raise retirement age to 70

#249
post #169

Earlier quoted context omitted.

It's happening everywhere, and it's completely intentional.

happening everywhere, except Cuba.

Yes, against all odds, Cuba has a great surpous of doctors. How do they do it, I wonder!?!?!?!?!?!

(it has something to do with profit)

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