Earlier quoted context omitted.
What is the political incentive to do this ever?
Where is the political incentive not to do this ever? If you reduce spending on social safety nets, you can reduce taxes on the wealthy, and as a bonus the poor die. win/win.
Denmark to raise retirement age to 70
721–730 of 1001 posts
Re: Denmark to raise retirement age to 70
#722Earlier quoted context omitted.
Humans need a constant supply of resources and shelter to survive. There is no "system" which avoids this inconvenient fact. In the absence of any "system" at all, you would still need to constantly work for survival - and in fact you'd just die as soon as you were no longer able to do so due to illness or injury much less old age. In other words if there were no "system" there would be no such concept as "retirement…
That's true, I would never ever consider moving to the US for that reason alone. Our vacations are very generous and I always struggle to use them all up. I get about a month and a half effectively (if I take them all consecutively with weekends in between)
Re: Denmark to raise retirement age to 70
#723Earlier quoted context omitted.
I don't buy this at all. I've hired many people in my career, and: 1. I've never had more than a max 2 year time horizon when thinking about a hire. 2. If anything, I've found younger people more likely to job hop than those 40+.
This might not be the case for your hiring principles, but this doesn't reflect the reality and statistics in my European country. People after 50 have a near zero chance of getting hired here as confirmed by the unemployment office.
> People after 50 have a near zero chance of getting hired here as confirmed by the unemployment office.
What are the causes for this in your country? I assume that you are an advanced nation with strong labour laws.Re: Denmark to raise retirement age to 70
#724Earlier quoted context omitted.
> Part of the deal with progress should be that we all start working less. If not is the progress all that attractive? But we don't want to work less, we want more stuff.
> But we don't want to work less, we want more stuff. Hold on. That's what tech is for right? certain people on this forum keep saying we don't want to work. They say it's OK that they steal our art to train AI that takes our jobs, because then we can finally chillax and not work. But now apparently we also must keep working the remaining shitty jobs to not starve until we die? who is supposed to win here??
What's preventing us from going on sabbatical ? We would earn less, sure, but do we really need that money? I mean it is buying us things that our parents didnt have so it should be possible to do without, no?
Again, that's a different story for poor people.
Re: Denmark to raise retirement age to 70
#725This is truly sad. As a Swede I fear my country may follow suite. The retirement age in Sweden used to be 65 and now it's 67. Looking at older people around me, most lead a much less active life after 75. So, if we were lucky we used to have some 10 good years of doing whatever we wanted before old age and age-related diseases start affecting us so much we become limited to a much smaller world. But now we have maybe…
Re: Denmark to raise retirement age to 70
#726Do people save their own money in Europe for retirement or do most people expect to rely entirely on pension? I honestly don't know, just curious.
However, the state pension pay is so low that almost everyone gets a commercial pension. Usually, it's a salary deduction and employer match contribution scheme, so you can choose how much to save. At the moment, you can start drawing your commercial pension at age 57 (increased from 55).
See https://www.gov.uk/government/publications/increasing-normal...
Re: Denmark to raise retirement age to 70
#727This is truly sad. As a Swede I fear my country may follow suite. The retirement age in Sweden used to be 65 and now it's 67. Looking at older people around me, most lead a much less active life after 75. So, if we were lucky we used to have some 10 good years of doing whatever we wanted before old age and age-related diseases start affecting us so much we become limited to a much smaller world. But now we have maybe…
That point might be reached earlier for some people, e.g. those who have a hard physical job, than others and a general retirement age is an approximation for when that point is reached for the general population.
Re: Denmark to raise retirement age to 70
#728Almost every single industrialized country has a birth rate below replacement, so there's fewer younger people to help carry the burdens. Medical care means the elderly live on and on and on, draining enormous costs as they age.
I'm not trying to be cruel, but from a pure numbers sense it makes perfect sense. Would you prefer taxes go up instead? Lessen spending on infrastructure and healthcare? Lessen child labor laws? There's no a lot of winning answers here.
And overall, the problem is just going to get worse in every country for the forseeable future. Expect to see more of this as time goes on. It's a bandaid solution though.
Re: Denmark to raise retirement age to 70
#729Earlier quoted context omitted.
Humans need a constant supply of resources and shelter to survive. There is no "system" which avoids this inconvenient fact. In the absence of any "system" at all, you would still need to constantly work for survival - and in fact you'd just die as soon as you were no longer able to do so due to illness or injury much less old age. In other words if there were no "system" there would be no such concept as "retirement…
Sure. But given automation we need a lot less labor than 100 years ago. Some studies suggest (sorry am mobile right now, don’t have links) in the US automation has been able produce the average persons essentials entirely since the 1950s. But we still were taught growing up to put on the show of going to work. At great resource cost and ecological destruction now threatening everyone in deference to memes of long dea…
Re: Denmark to raise retirement age to 70
#730Earlier quoted context omitted.
There is nothing sad about this. Mandatory pensions are not a vacation sponsored by the government but a way to provide for those who can't provide for themselves. If you were born in the 70s, you should have known for most of your adult life that your normal retirement age is likely going to be around 70. The demographic situation is not new, the solutions have been discussed extensively since at least the 90s, and…
You said there’s nothing sad about it and then followed it up with some pretty sad realities. It’s incredibly sad. People should be working less as we advance as a society, not more.