Or people who have cognitive issues have trouble staying employed...
Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
191–200 of 395 posts
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#192The problem isn't retirement per se, it is that people don't have things to occupy themselves with. They retire and they vegetate. I worked with a lady that was in her 70s who was deathly afraid of retiring because she didn't have anything to do. That's beyond depressing to me, to be incapable of even conceiving of doing something that doesn't involve going to a job. We have created people that never develop as human…
You hit the nail squarely on the head. In days past when people retired they'd still help raise kids or look after households. When we moved past requiring that sort of thing, we left the elderly without engagement. I'm not sure what the solution is, but perhaps as a society we could be more intentional about creating roles where the elderly can still help and feel useful, but also have flexibility and a more relaxed…
I mean, we're about to enter a demographic reversal and to hear economists talk of it, corporations are going to really struggle to find the workers they need.
I guess we're about to find out if they're desperate enough to offer genuine flexibility or not.
If I could work 2d/wk remote as a software developer, I'd probably do it the rest of my life. Something tells me that most CEOs are still gonna insist on 50+hrs/wk RTO though...
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#193Earlier quoted context omitted.
I don't understand why someone would FIRE and not already have spent years lining up all the things they will do. And the "won't you be so bored?" people. No, I'm not bored. You might be because you need someone else to tell you how to spend your hours. Between learning new hobbies, tackling my backlog of projects in my old hobbies, taking care of my health, and spending quality time with my family, I still have more…
> I don't understand why someone would FIRE and not already have spent years lining up all the things they will do. It's a common phenomenon in those communities because many of the participants are young (the E is for Early retirement). The common way to get to FIRE, unless hitting the lottery or getting a crazy RSU payout, is to be super frugal with a high savings rate. Then they get to retirement and realize that…
> Even many hobbies start to require money.
Hobbies require money, but a lot of hobbies don't require very much of it.
Yeah, if your primary hobbies are skiing and golfing and traveling and rebuilding 60s cars, that's not going to come cheap. But there is no shortage of much cheaper hobbies.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#194Earlier quoted context omitted.
The reason people go from work to nothing on retirement is because work fills up the nearly all of the productive hours of a person's life. If it were to take, let's say 4 days, or six hours a day, people would be so bored, they would be making projects, business ventures, or volunteering. And then on retirement, people would still have their hobbies and passion projects they had been working on their entire life. Th…
> The reason people go from work to nothing on retirement is because work fills up the nearly all of the productive hours of a person's life. If it were to take, let's say 4 days, or six hours a day, people would be so bored, they would be making projects, business ventures, or volunteering. I don't buy this construction of the workday where spending 50% of your awake hours at work leaves people so exhausted they can…
Are you considering jobs that are extraordinarily demanding? What if you're an ER Doctor? Or an Air Traffic Controller? Or someone getting started in their career in their early 20s, when most of us possess the unique combination of a lack of life experience that would prevent exploitation and ambition? For these jobs, I can easily sympathize with the idea that after a workday they're too tired to develop personally. Moreover, it's a manager's job to sap every ounce of productivity out of a person. Modern technology increasingly makes this possible. Even seemingly mundane jobs like working in a call center can be so orchestrated that using the bathroom makes them fall behind. And productivity has done nothing but rise for decades!
I also don't see how your final paragraph really refutes rather than just restates their opinion. Hobbies produce projects and business ventures all the time. Someone also has to find some way or another to socialize with the community. Volunteering is a great way to do that.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#195I bet another reason women suffer less cognitive decline from early retirement than men is that women are less lonely and more integrated into their extended families and communities.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#196Earlier quoted context omitted.
The reason people go from work to nothing on retirement is because work fills up the nearly all of the productive hours of a person's life. If it were to take, let's say 4 days, or six hours a day, people would be so bored, they would be making projects, business ventures, or volunteering. And then on retirement, people would still have their hobbies and passion projects they had been working on their entire life. Th…
Ever try waking up early and doing your work stuff before work?
Yes. I get my gym and novel writing done before work. But I lose steam at work very early. No bueno.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#197Earlier quoted context omitted.
I don't understand why someone would FIRE and not already have spent years lining up all the things they will do. And the "won't you be so bored?" people. No, I'm not bored. You might be because you need someone else to tell you how to spend your hours. Between learning new hobbies, tackling my backlog of projects in my old hobbies, taking care of my health, and spending quality time with my family, I still have more…
> I don't understand why someone would FIRE and not already have spent years lining up all the things they will do. It's a common phenomenon in those communities because many of the participants are young (the E is for Early retirement). The common way to get to FIRE, unless hitting the lottery or getting a crazy RSU payout, is to be super frugal with a high savings rate. Then they get to retirement and realize that…
> The common way to get to FIRE, unless hitting the lottery or getting a crazy RSU payout, is to be super frugal with a high savings rate.
Then they get to retirement and realize that doing the amazing things like traveling the world requires a lot of money.
Partition living expenses from hobby expenses, and once you have enough to not have to work for living expenses switch to doing just enough part-time to cover hobby expenses?
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#198Earlier quoted context omitted.
The reason people go from work to nothing on retirement is because work fills up the nearly all of the productive hours of a person's life. If it were to take, let's say 4 days, or six hours a day, people would be so bored, they would be making projects, business ventures, or volunteering. And then on retirement, people would still have their hobbies and passion projects they had been working on their entire life. Th…
> they would be making projects, business ventures, or volunteering This is not what actually happens in practice. There is no sudden outbreak of productive activity because people have more free time. If this was going to occur there would be mountains of empirical evidence for it by now because this situation isn't rare. I know many people with a lot of free time. In the vast majority of cases, people spend their f…
i think people trying to argue that we would be more productive is a symptom of the productivity disease. where all we value is productivity and thats the only way we can justify more non-work time. i personally just think we should all have more time to do what we want, whether that is being productive on personal projects, talking to people, playing games, or doing nothing. happier people right? why should 10% of the richest people enslave the rest of us.
edit: forget dems v pups, black v white, democracy v communism, its all about class struggle, probably always has been. i bet those 10% can pick and choose how productive they want to be and how much spare time they have lol.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#199The problem isn't retirement per se, it is that people don't have things to occupy themselves with. They retire and they vegetate. I worked with a lady that was in her 70s who was deathly afraid of retiring because she didn't have anything to do. That's beyond depressing to me, to be incapable of even conceiving of doing something that doesn't involve going to a job. We have created people that never develop as human…
I actually have the same fear. I love computers and I don't know what I'll do once I retire. Problem solving on computers is like oxygen to me.
Honestly when given downtime I generate more computer problems than I could ever hope to solve. I cant even fathom being bored with a computer. My mother used to accuse me of breaking the home PC just to keep myself busy and it was not far from the truth.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#200More evidence that the US desperately needs to raise the retirement benefits age to 70 or 75.
Memory care is one of the most expensive types of eldercare.