Scrapping Retirement Age

[EbonyBranch]

Asking people to work into their 70s isn't going to help the huge problems with youth employment.

 

People should retire before 70 so they can give the young people a chance or else in a few years there will be no one to do all the jobs because they won't know how! Why not get the older ones who are approaching retirement to help train the younger ones up.

This is known as the 'lump of labour' fallacy. It's a simplistic view based on the assumption that there is a limited number of jobs in our economy. In fact, most economists would probably agree that the more people there are working, the more demand there is for goods and services, and the more new jobs are created (this is my very simplistic outline of the argument).

Generally speaking, when older people retire their income decreases, and so their demand for goods and services decreases. If they stay in work for longer, their demand stays roughly stable.

[Harleyman]

Perhaps his name is an anagram?:hihi: Actually I like his stuff!

 

I've seen wiser stufff written on lavatory walls but eveyone to their taste of course

[artisan]

Asking people to work into their 70s isn't going to help the huge problems with youth employment.

 

People should retire before 70 so they can give the young people a chance or else in a few years there will be no one to do all the jobs because they won't know how! Why not get the older ones who are approaching retirement to help train the younger ones up.

 

I fully appreciate that I am opening myself up to all sorts of comments about chavs and young people who are happy to live on benefits and their backsides!

 

That used to be the way.

When I war a lad, etc.

Back in the sixties the local firms used to send their recruiting teams to the schools, and they set up shop, competeing for us to work for them.

When I left Rowlinson in 1967, not one lad left without a job.

A lucky few went on to University, the majortiy of us went as apprentices to the big engineering firms.

Some of the less able lads went as labourers.

But we all had work, and knew that we were contributing members of a prosperous society.

We learned, rapidly, respect for older men, as most of them were war veterans, and took no lip from lads.

 

I think the first stage of the destruction of decent society came about with the advent of comprehensive education.

All were dragged down to lowest common denominator.

Then, when it was at its lowest point, along came Thatcher and dragged us even lower.

[Harleyman]

That used to be the way.

When I war a lad, etc.

Back in the sixties the local firms used to send their recruiting teams to the schools, and they set up shop, competeing for us to work for them.

When I left Rowlinson in 1967, not one lad left without a job.

A lucky few went on to University, the majortiy of us went as apprentices to the big engineering firms.

Some of the less able lads went as labourers.

But we all had work, and knew that we were contributing members of a prosperous society.

We learned, rapidly, respect for older men, as most of them were war veterans, and took no lip from lads.

 

I think the first stage of the destruction of decent society came about with the advent of comprehensive education.

All were dragged down to lowest common denominator.

Then, when it was at its lowest point, along came Thatcher and dragged us even lower.

 

 

Cameron is here now though. Long may he reign

[Shipshape]

Cameron is here now though. Long may he reign

 

Cameron will not last long.

[artisan]

Cameron is here now though. Long may he reign

 

As you have said something sensible I will reply.

I think the way he has kicked sand in the face of the Yanks is good stuff.

 

We did exactly the same after the silly hissy fit that the colonies had in 1775.

We turned to India.

The colonies laid in the doldrums for almost a hundred years, whilst we made India the greatest sub continent the world has known.

Disreali called it 'The Jewel in the Crown'.

If Cameron can do the same, and back heel the yanks who are now a hindrance to us, then he may yet win my respect.

[artisan]

This is known as the 'lump of labour' fallacy. It's a simplistic view based on the assumption that there is a limited number of jobs in our economy. In fact, most economists would probably agree that the more people there are working, the more demand there is for goods and services, and the more new jobs are created (this is my very simplistic outline of the argument).

Generally speaking, when older people retire their income decreases, and so their demand for goods and services decreases. If they stay in work for longer, their demand stays roughly stable.

 

No, the fact is that retirement age is precisely calculated.

In usual situations when someone retires at state pension age, they are dead within about 18 months.

So their demand on the state, and for goods and services is about zero.

[Harleyman]

As you have said something sensible I will reply.

I think the way he has kicked sand in the face of the Yanks is good stuff.

 

We did exactly the same after the silly hissy fit that the colonies had in 1775.

We turned to India.

The colonies laid in the doldrums for almost a hundred years, whilst we made India the greatest sub continent the world has known.

Disreali called it 'The Jewel in the Crown'.

If Cameron can do the same, and back heel the yanks who are now a hindrance to us, then he may yet win my respect.

 

 

 

You call this drivel sensible? I see it as the rantings of an old Socialist Joe, a dinausaur left over from the fifties and sixties, embittered by changes he doesnt like, alienated by Nu Labour, the mourner of the demise of Communism and of course the eternal hater of America.

 

Your type are nothing new to me. You were around when I was a kid working in a factory. Always griping and moaning about something, management was the enemy and strikes be they for anything even trivial a way to get back at people who had a little more enterprise and success in life

 

It was people like you that made Britain known as "the sick man of Europe" a decade after World War 2

 

While the Germans and Japanese were busy rebuilding and putting their backs into getting their country on it's feet again people like you were waging a class warfare against the middle class who owned businesses. Paralysing strikes that led to loss of of orders at home and overseas and earning British products the reputation of being shoddy and unreliable

 

That's why Volkswagen took over the small car market in countries that were part of the Commonwealth

 

Dont blame Thatcher for bringing the country down. Your kind were doing that long before she came along

 

I know all about it boyo

[Harleyman]

Cameron will not last long.

 

You think not? Voters werent exactly ooverwhelmed with Labours achievments to vote them back into office were they?

[Shipshape]

You think not? Voters werent exactly ooverwhelmed with Labours achievments to vote them back into office were they?

 

The last Labour term was absolutely disasterous. That being the case, the Cons should have won by a massive overall majority, they did not. Does that tell you anything?