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Those who downvote you should find statistics from Denmark which migration sources are net positive and which ain’t.
Denmark to raise retirement age to 70
241–250 of 1001 posts
Re: Denmark to raise retirement age to 70
#242Earlier 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...
Re: Denmark to raise retirement age to 70
#243This 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.
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
#244This 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 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
#245This 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.
Re: Denmark to raise retirement age to 70
#246This 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
Most don't want to so they have to compensate via taxes and higher pension age.
Re: Denmark to raise retirement age to 70
#247Earlier 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...
Re: Denmark to raise retirement age to 70
#248Earlier 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.