Post
Topic
Board Economics
Re: Retirement Age for Workers - Does this Make Sense?
by
Renampun
on 31/12/2023, 23:44:44 UTC
Quote
France's Constitutional Council on Friday approved an unpopular plan to raise the retirement age from 62 to 64, in a victory for President Emmanuel Macron after three months of mass protests over the legislation that have damaged his leadership.
https://www.cbsnews.com/news/france-retirement-age-raise-64-approved-constitutional-council/


This so-called measure has several benefits and drawbacks. The elder employees can benefit from their years of experience if they are retained on the job for longer, which is one advantage. The drawback of this is that many workplaces will report low performance because there is an inverse relationship between a person's success at work and their deterioration in cognitive and physical capacities.

Regardless, what I think is that the government shouldn't shove it down the throat of people. Workers who are approaching retirement age should be given a choice after appraisal to keep working or retire.

What sense does this make? Would you agree or disagree?


Old people will not be able to compete with young people who are still fresh and have good enthusiasm and stamina, so it is only natural that old person who have entered retirement age will eventually be eliminated by competition in the world of work. btw, it's really sad to see old people over the age of 60+ who are retirees and are no longer able to earn money for their families, but that's a reality that can't be changed, and usually, old people who suffer in their old age are people who don't make the most of their time and money to invest in good things. I am now almost 40 years old, I have been thinking about investing since now and also working on things that will give me certainty for my old age, and my investment choice is cryptocurrency.