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Showing posts with the label workforce

The Aged Are Not Employed

Developed country are heading toward a crisis of not enough people to do the work. Baby boomers have reached retirement age and with such a large section of society no longer contributing there will be fewer taxpayers to fund economies. Government revenues will fall. Workers can only pay so much tax. Beyond a certain level incentive to work decreases. Despite the problem, employers still persist in seeking young employees when there are plenty of elderly people who can hold down jobs. Old legislation covering those in public service force retirement on perfectly capable workers. Some Australian states are planning to change this. The private sector has no restrictions. Many doctors, for example, work into their 80s. This is because they are self-employed, so they can decided when to stop. Fewer retirees are offering their service free in voluntary work. This means their lives just slow down and they spend their time doing very little. Their lives would be more interesting