Soleron said:
green_sky said:
Soleron said:
green_sky said:
Soleron said:
It seems to be politically taboo to suggest that promised pensions, even those being paid out now, should come down. And the retirement age also needs to go up to 70+, not in 2020 or 2025 but asap. Anyone in the public sector who's retired before 65 (and is still under 65) should be asked to return to work to recieve the full value of their pension.
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Pension part is somewhat fine but if those boomers keep on working till they combust than the waiting line for young people to replace them gets even longer. We all can't in video game industry. One of the few places not dominated by those booming people.
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This makes absolutely no sense. Having a greater % of people alive employed is always a better thing. There is not a finite number of jobs.
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I might not be anywhere close to right but i am speaking from my experience of studying changing demographics of employment.
I attend my university's economics lectures when I want to see a pantomime.
There is only so many people companies in the services and other sector can employ before they reach economies of scale.
wat. If more old people are employed instead of being dependent, the overall wealth of the country is greater -> can support more jobs -> more jobs created for younger poeple. The limiting factor right now is mostly the availability of capital.
The delayed retirement is having an effect on this. How much it is to blame. I am not sure.
Youth unemployment is quite a bit higher than overall unemployment. There is no one offering decent starting salaries to graduates even compared to 5-6 years ago. Most end up slightly better if not same compared to people who skipped formal education after high school.
Then you're at the wrong university or doing the wrong degree. It's supply and demand, "youth" need to choose a degree that will get them employment. I'm aiming for a field desperate for qualified graduates, and some of my friends are being paid £30k right out of school.
Maybe things are better in the UK but from what i read that is not true.
Correct. If anything the US economy is stronger because you still manufacture stuff and are generally self-sufficient.
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Generally Green Sky is right on this. You can look at Japan for other examples; the need to stay employed longer does strangle new graduates. It's not at all about the young people choosing the wrong degree, but because instead that slow economic conditions mean old people feel compelled to stay on, which represses young people, which further stalls the economy because the old people are just spending that income on supplementing too-weak old-age plans instead of on the big consumer goods that young people usually buy. For instance, our generation does not buy homes, or cars. We live in apartments (which, surprise surprise, is causing *those* to become too expensive now too) and do rideshare.
Unless we can retire the old folks, the whole economy is going to collapse as the millennials instead become the "manchild generation," those who never grew up because they were never given a chance to grow up.
