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Capitalism: Retirement is outdated
  • We are entering the age of no retirement. The journey into that chilling reality is not a long one: the first generation who will experience it are now in their 40s and 50s. They grew up assuming they could expect the kind of retirement their parents enjoyed – stopping work in their mid-60s on a generous income, with time and good health enough to fulfil long-held dreams. For them, it may already be too late to make the changes necessary to retire at all.

    In 2010, British women got their state pension at 60 and men got theirs at 65. By October 2020, both sexes will have to wait until they are 66. By 2028, the age will rise again, to 67. And the creep will continue. By the early 2060s, people will still be working in their 70s, but according to research, we will all need to keep working into our 80s if we want to enjoy the same standard of retirement as our parents.

    Workers will be unable to down tools, even when they can barely hold them with hands gnarled by age-related arthritis.

    This is unsustainable: by 2020, an estimated 12.5m jobs will become vacant as a result of older people leaving the workforce. Yet there will only be 7 million younger people to fill them.

    From https://www.theguardian.com/membership/2017/mar/29/a-world-without-retirement

    Set of blatant lies and manipulation.

    In exact same time, exact same press tell you how many working people will be replaced by robots.

    Well, guys, you made yourself a mouse trap.

    In reality things you can see with working time, retirement and such are byproduct of unlimited greed and extreme economics inefficiency.
    Without real enemy capitalism rise his ugly head again at full height.

  • 4 Replies sorted by
  • Ruling class behaviour became worse.

  • People are living longer, longer and longer.

    Yet we can't expect our retirement to last decades and decades??

    Only reasonable that our retirement ages for state welfare also rise to match.

  • Yet we can't expect our retirement to last decades and decades??

    Retirement just must be different, but for this working time must be different also.

    Only reasonable that our retirement ages for state welfare also rise to match.

    No.

    Reasonable is to reduce working hours. And make people live more diverse life. So in retirement they'll have only some gradual change.

  • Agree more people should do semi retirement rather than "full" retirement.