Many people are not capable of making such a radical change of career.If you have lived to 62 working in a mine, you must be a rare and valuable resource for any minor who would like to live that long. You should be teaching, not mining.
Overall, it's probably better for a society to have more retirees, and fewer unemployed young people, than vice-versa.
Unfortunately the more retirees there are and the more generous their benefits, the bigger the pension fees that even young people have to pay, and the harder it is for them to be employed. It's a vicious circle.Overall, it's probably better for a society to have more retirees, and fewer unemployed young people, than vice-versa.
Talk of raising the retirement age should be on hold awaiting a permanent solution to unemployment.
Yes.There are a lot of professions that are not particularly suited for older or physically compromised individuals. Should we simply pay for their retirement?
How does a higher cost of living make it harder for people to be employed?Unfortunately the more retirees there are and the more generous their benefits, the bigger the pension fees that even young people have to pay, and the harder it is for them to be employed. It's a vicious circle.Overall, it's probably better for a society to have more retirees, and fewer unemployed young people, than vice-versa.
Talk of raising the retirement age should be on hold awaiting a permanent solution to unemployment.
Overall, it's probably better for a society to have more retirees, and fewer unemployed young people, than vice-versa.
Yes.There are a lot of professions that are not particularly suited for older or physically compromised individuals. Should we simply pay for their retirement?
Of course we should.
Society supports individuals who cannot support themselves. That's what a society IS.
If you have no other way to obtain the necessities of life, then yes, society should pick up that tab.Overall, it's probably better for a society to have more retirees, and fewer unemployed young people, than vice-versa.Yes.There are a lot of professions that are not particularly suited for older or physically compromised individuals. Should we simply pay for their retirement?
Of course we should.
Society supports individuals who cannot support themselves. That's what a society IS.
I don’t think it should be quite so automatic. A social safety net should not be taxed to keep people from reinventing themselves, their jobs or their careers. If they are truly disabled, that’s another story. I certainly don’t expect anyone to pick up the tab if I keep losing at cutting competitions.
The French system is a bit too complicated that I don't really know the actual cost. I think I read somewhere it's over 25% on top of gross salary, and if the system isn't reformed, there's pressure to increase it to 28%. That's a lot.How does a higher cost of living make it harder for people to be employed?Unfortunately the more retirees there are and the more generous their benefits, the bigger the pension fees that even young people have to pay, and the harder it is for them to be employed. It's a vicious circle.Overall, it's probably better for a society to have more retirees, and fewer unemployed young people, than vice-versa.
Talk of raising the retirement age should be on hold awaiting a permanent solution to unemployment.
What do you mean "even" young people?
Everyone who earns pays taxes regardless of their age. This is the French state pension system we are discussing - it's funded by taxation, and both the contributions and benefits schedules are decided at the national level, not the individual level.
France has about double the youth unemployment rate compared to the US.
Only way out is either to start popping out more children
Yes, that is agreed.If you have no other way to obtain the necessities of life, then yes, society should pick up that tab.
That is also agreed, and is one reason why I don’t scratch and claw to avoid paying taxes.That you do have other means to avoid starvation and homelessness, is your good fortune. A portion of that good fortune should be diverted to supporting those who are less fortunate.
Nothing I have said is in disagreement with that. The flip side is that it is equally immoral for those who do have the option of being productive, to decline it because it is not sufficiently more profitable than taking what society provides for the helpless and the hapless.As a society, we can easily afford to be kind, even generous. Choosing not to do so is deeply immoral, even if you are able to kid yourself that the suffering of others is primarily due to their poor choices or their lack of motivation.
And if that becomes a significant problem, I shall start worrying about it then.The flip side is that it is equally immoral for those who do have the option of being productive, to decline it because it is not sufficiently more profitable than taking what society provides for the helpless and the hapless.
It’s not going to become a problem for you or for me. It effects those who need the help. Pretending that people don’t take advantage is naive. The fact that there’s no ready solution doesn’t make it not a problem.And if that becomes a significant problem, I shall start worrying about it then.
I did no such thing.Pretending that people don’t take advantage is naive
Youth unemployment in France or more broadly in many France-like countries in Europe, including my own, isn't due to too many young people. It's due to too few young people relative to people they need to support via taxes, which causes tax wedge per capita to go up and pose a barrier to entry-level jobs.France has about double the youth unemployment rate compared to the US.
Only way out is either to start popping out more children
Do you not see the problem with these two statements?
Increasing still further the number of dependents in society doesn't seem like a viable way to reduce the cost of dependent people in society.
That's true. But usually the fees that go to the pension fund are not progressive: everyone pays the same percentage.The only problem I see here is an obsession with reducing (or at least with not increasing) taxation. I'm not sure why this obsession is so blithely glossed over by everyone, but I suspect it has a lot to do with the handful of greedy and very rich people who own the media.
Taxes are good. Raising taxes isn't a disaster. Particularly if the increases are highly progressive.
Yup, too much worker protection ends up protecting them out of a job.Youth unemployment in France or more broadly in many France-like countries in Europe, including my own, isn't due to too many young people. It's due to too few young people relative to people they need to support via taxes, which causes tax wedge per capita to go up and pose a barrier to entry-level jobs.
Especially problematic are young people who never get that first job and end up being dependents of the state for their whole lives.
Americans say this sort of thing a lot; I suspect that they truly and honestly believe it.Yup, too much worker protection ends up protecting them out of a job.Youth unemployment in France or more broadly in many France-like countries in Europe, including my own, isn't due to too many young people. It's due to too few young people relative to people they need to support via taxes, which causes tax wedge per capita to go up and pose a barrier to entry-level jobs.
Especially problematic are young people who never get that first job and end up being dependents of the state for their whole lives.
Maybe it is the economists who think the answer to inflation is unemployment?
If "too much worker protection ends up protecting them out of a job", what is it that's protecting them out of jobs in places where worker protection is woefully inadequate?
I don’t know what you mean by “notably worse unemployment” but the US rate is 3.6 % while the rate in the OECD is 6%. Both are at historic lows. Historically, the US tends to have lower rates of unemployment than the OECD. Usually that is attributed to a mix of factors including (but not limited to)weaker job security protection in the US and the willingness and ability for US workers to move significant distances for jobs.Americans say this sort of thing a lot; I suspect that they truly and honestly believe it.Yup, too much worker protection ends up protecting them out of a job.Youth unemployment in France or more broadly in many France-like countries in Europe, including my own, isn't due to too many young people. It's due to too few young people relative to people they need to support via taxes, which causes tax wedge per capita to go up and pose a barrier to entry-level jobs.
Especially problematic are young people who never get that first job and end up being dependents of the state for their whole lives.
But it's not true. Places with excellent worker protections (by comparison to the USA, that's the entire rest of the OECD) haven't seen notably worse unemployment than the USA; Just notably lower poverty and homelessness rates.
If "too much worker protection ends up protecting them out of a job", what is it that's protecting them out of jobs in places where worker protection is woefully inadequate?
Political slogans are a very poor source of information about reality.