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Denmark to raise retirement age to 70

telegraph.co.uk

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Re: Denmark to raise retirement age to 70

#261

Post by dehrmann »

bombcar wrote: post #138
instagib wrote: post #128

I would like to point to a topic about extending pilots’ mandatory retirement ages. Most pilots plus or minus retirement age are unable to pass the physical or mental demands of the job, so only 25-30% are able to work and not on short- or long-term disability. Some choose to work privately past retirement age. I don’t have any numbers for pilots who decided to leave, were forced out, or could not pass the training.…

There are quite a few highly paid professions where the main purpose of that profession’s union seems to be to prevent there being an adequate supply of the professionals.

This is a good listen on the topic:

https://freakonomics.com/podcast/is-professional-licensing-a...

Re: Denmark to raise retirement age to 70

#262

Post by AdrianB1 »

bombcar wrote: post #138
instagib wrote: post #128

I would like to point to a topic about extending pilots’ mandatory retirement ages. Most pilots plus or minus retirement age are unable to pass the physical or mental demands of the job, so only 25-30% are able to work and not on short- or long-term disability. Some choose to work privately past retirement age. I don’t have any numbers for pilots who decided to leave, were forced out, or could not pass the training.…

There are quite a few highly paid professions where the main purpose of that profession’s union seems to be to prevent there being an adequate supply of the professionals.

The cost of training is real. 15 ago a colleague did the training slowly while working for some training companies and it costed him just $42,000 to get ATPL, but you need to take trainings and flight hours and that is most of the cost. There are enough people willing to become airline pilots, but most don't have the money and the cost is not an artificial barrier.

Even the cost of PPL, the lowest license on the path, is around $10,000 while the ultralight (European)/sport pilot (US) is over $6,000. From that you need CPL (commercial), multi-engine, complex aircrafts, instrument rating (bad weather or night) etc., that takes time and money most people cannot afford.

Re: Denmark to raise retirement age to 70

#263

Post by decimalenough »

mmooss wrote: post #227
telotortium wrote: post #115

Earlier quoted context omitted.

There's not enough immigrants that actually are of financial benefit to Denmark. Only European immigrants are a large financial benefit throughout their lifespan, and Middle Eastern immigrants are a financial detriment even in their prime working years[0]. That is apart from the cultural effects of having a large portion of your population consist of non-Danish, and especially non-European immigrants, which might hav…

It turns out that economic productivity is not tied to ethnicity or where you are from - fundamentally racist notions - but to how productive you are.

Middle Eastern immigrants are not (usually, relatively, on average) unproductive because of their skin color. They're unproductive because they suffer from a large language barrier, tend to have large families that use more government subsidies, are often traumatized by the conditions they escaped, have qualifications that are not recognized in Denmark and have to work menial jobs instead, face racism when they apply for jobs they are qualified for, etc.

Re: Denmark to raise retirement age to 70

#264

Post by izacus »

kypro wrote: post #202

Why do people owe me a nice retirement? I never really got the idea of state-funded retirement. Perhaps I should feel I'm owed something if I'm too fragile/disabled to work, but I don't know why age alone should grant me anything? Appreciate this is a controversial view so interested in hearing why I'm wrong so I can stop holding it. I think retirement should just be replaced by disability welfare to be honest.

Open a history book. Read upon why state pensions were introduced - by people who thought like you actually. (Spoiler: because alternative doesn't end well even for the wealthy.)

Isn't 19th century covered by history classes anymore? :/

Re: Denmark to raise retirement age to 70

#265

Post by carlosjobim »

littlestymaar wrote: post #24
tossandthrow wrote: post #11

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

You are missing the most important one: - increase productivity more than how much the workforce/receivers grow. And if AI/robots eventually deliver, we're soon going to need a discussion about lowering the retirement age to 55 or even 50 if we don't want 30% unemployment anyway.

Productivity has already increased several times over while the working age population has decreased. Working the young population into extermination is the current paradigm and is giving the current results, which is all according to plan.

Re: Denmark to raise retirement age to 70

#267

Post by carlosjobim »

nicolashahn wrote: post #85
jxjnskkzxxhx wrote: post #79

Earlier quoted context omitted.

What does "reduce pensions" mean? Pensions are people's property. You can take pensions like you can confiscate property, a la communism.

So close! Pensions are actually property taken from the younger generation and given to retirees.

It's much worse than that, it is indebted servitude being done to the younger generation.

Re: Denmark to raise retirement age to 70

#268

Post by dehrmann »

IndubitableCoil wrote: post #188
oldpersonintx2 wrote: post #136

Earlier quoted context omitted.

"Not retiring" in the US will be more dictated by inability to purchase a home than Social Security. Look at all these people around you in their forties who are still renting. They are basically too late to buy. They will be "forever renters". This means they will have to work until death, as their rents continue to rise when their peers who owned homes took their downsizing premium and lived off of it for a few yea…

I hear this sentiment frequently but it doesn't pencil out. Renting an equivalent unit will typically, month-to-month, be cheaper than buying. Of course a significant portion of the monthly mortgage payment goes to principal which increases your net worth, but there are many cases where the money you save monthly by renting will actually exceed the principal you accumulate from your mortgage payment. In fact, there a…

The only real financial benefit to home ownership is it enforces savings.

Re: Denmark to raise retirement age to 70

#269

Post by layer8 »

bombcar wrote: post #145
hmmokidk wrote: post #117

Earlier quoted context omitted.

Can also just raise taxes on the super rich

A 99.9% wealth tax on US billionaires would cover the annual deficit for about 1.5 years. The scale of the problem is absolutely mind-blowing.

I’d say that “super rich” starts well below billionaires.

Not saying that the math would work out without problems then.

Re: Denmark to raise retirement age to 70

#270

Post by portpecos »

waldrews wrote: post #234
dsign wrote: post #206

There is an obvious solution to the problem of ageing population and declining birth rates. Furthermore, it's a solution everybody's secret soul wants very much: keep people younger for longer. Invent rejuvenation. But politicians would never dare go in front of cameras and say that they will put a dollar into R&D for such an outcome, because the wall of insults and disdain we would hurl, for no rational reason, at t…

And while we're at it, can we do teleportation too? Think of all the parking hassles, the car accidents, the carbon emissions we could save! And yet, just try to convince those funding agencies...

You're equating teleportation...something that violates our current understanding of physics..with rejuvenation, which does have some promising peripheral research, such as studies on telomeres.
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