Read this article (here) and see how much sense it makes. If you don't want to read the whole article, this is the main idea put forth by economist James Galbraith:
"We've lost a huge number of jobs. No matter how effective a program we enact -- and the fact is we're going nowhere fast -- we're not going to recreate good jobs for everyone's who's lost them," Galbraith said. "So it makes sense to have some priorities."
Galbraith's priority is jobs for younger people who desperately want to work, made possible by retirement for older people who don't. "People who have good reason not to be in the labor force should be allowed to get out and should be allowed to get out gracefully."
2 comments:
Galbraith is so right but here in England they are about to lift the national retirement age to 66 - currently it's 60 for women and 65 for men. This is in spite of the fact that a whole generation of young people - often highly qualified - are struggling to get on the first rung of the jobs ladder.
The whole world is insane.
It would actually take 2 young people to replace me (I have a LOT of experience) and they could split my salary between them and they'd still be doing quite well. And young people spend more money because they haven't already accumulated everything they need.
But a politician could never figure this out.
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