341–350 of 1001 posts
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You can have the best working conditions in the world, it still sucks to have to work if you don't want to.
Well yeah but then your problem is the fact you have to work at all. I doubt any modern societies have solved the issue of needing people to work.
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And yet they all have to work like idiots until they're 70, whether they like it or not. I feel they could do better than that with all this wealth.
People are living longer. Demographically there are fewer younger people to support them. Something has to give.
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…
It might be the obvious solution but is it the right one? People are significantly more productive than say 50 years ago due to technological advancement. So where is all the money going? I am no economist but it is my understanding that all this extra money goes to the rich because they've entrenched themselves in positions where they can extract a portion of a person's income with no recourse. It's not normal that…
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.…
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Part of the reason employees are reticent to hire someone past 50 is before they worry they’ll retire soon, even if they’re mentally and physically in good shape. So increasing the retirement age might actually improve the ability of folks in their 50s to find work. Not saying this is a great trend, but it’s unavoidable due to the low fertility rate (already a problem everywhere in the developed world and soon to be…
We already have 15y to go here, at age 50. That’s WAY longer than the median occupancy.
Where I live, people have issues getting hired past age 50, and it’s near impossible past age 60. It’s a stroke of luck if you score a job then. So yes they can raise retirement age, but that will just create misery for all those who can’t cling to a job long enough. There‘s got to be a better way.
Part of the reason employees are reticent to hire someone past 50 is before they worry they’ll retire soon, even if they’re mentally and physically in good shape. So increasing the retirement age might actually improve the ability of folks in their 50s to find work. Not saying this is a great trend, but it’s unavoidable due to the low fertility rate (already a problem everywhere in the developed world and soon to be…
Not that that stops managers, of course...
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Wouldn't the fourth way be via increasing either birth rate or immigration?
I can only give you the rundown for Germany, but I guess it’s similar in Denmark: Basically the state spends to much money on humans in general. A young qualified immigrant might have a less negative impact than a slightly older German person, but both of them will be money sinks in the long run. Statistically immigrants in Germany are less qualified than the general population, so they’ll have an even more negative…
I need to see some data backing this. Also regardless of stats, many war refugees(the net negatives as told by media) are actually highly qualified but the asylum process and qualification recognition process is eternal. On top of the trauma and uncertainty, they also need to learn a new language, find a new community, patiently go through all the dystopian meetings, cope with their loss of loved ones.
In reality, it is possible for them to be net positive because if things were faster, they would often out qualify the average locals and this also has some effects on wage and market(over supply, constant demand and all the economics).
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And yet they all have to work like idiots until they're 70, whether they like it or not. I feel they could do better than that with all this wealth.
People are living longer. Demographically there are fewer younger people to support them. Something has to give.
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No, fundamentally it doesn't really matter. Retired people consume but don't produce. They are fed by the economy of today, not by economy of the past. Whatever you accumulate for retirement (cash, stocks, gold, state pension points) it only represents coupons for your share of the economy of the future. Details may differ but fundamentals are the same: it a promise that the future generation will share some of their…
Retirement migration will be common in the future, either to lower-cost parts of the country or to different countries altogether. It's happening right now with Spain or Florida, but it will get even more common.
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But people are living longer, in better health (I think but didn’t verify with data) and entering the workforce later (due to more secondary schooling). Setting aside the issues of declining birth rate for a minute, this seems like a reasonable adjustment to the other factors?
Personally, I'm not sure that they are living in better health in the way that I care about. I.e. my goal is to retire when I'm still healthy enough to do things (i.e. travel). Although they are likely healthier than previous generations, most of the 70 years olds I see still aren't healthy enough to travel.
I've been traveling for holidays every year since I was 25 for at least 3 weeks every year, loving it so much. First it was backpacking, now it transitioned into a bit more luxury as I got older.
You don't know if you'll be hit by a bus next year, retirement is a silly milestone to focus on.