Use Spare Older Workers to Overcome ‘Labour Shortages’ – naked capitalism

Rather than relying on mass immigration to fill phantom ‘labour shortages’ – in turn displacing both young and older workers alike – the more sensible policy option is to moderate immigration and instead better utilise the existing workforce as well as use automation to overcome any loss of workers as the population ages – as has been utilised in Japan.

Source: Use Spare Older Workers to Overcome ‘Labour Shortages’ | naked capitalism

The referenced article describes the situation in Australia but is a worthwhile read for those of us in the US.

“Spare older workers”.  I like that.

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The New Reality of Old Age in America – Washington Post

retirement

Source: The new reality of old age in America – Washington Post

The present standard of retiring somewhere between ages 60 and 70 is not going to be sustainable when half the population lives to 80 or 90 – which is already realistic today – let alone 100 or more. It’s just not possible. If you’re like me, you don’t intend to retire at 70 or maybe not at all, but it’s nice to know we have the option. Future generations won’t.

John Mauldin

I refuse to extrapolate the stories of two families profiled in the linked Washington Post article but will readily admit the author may be on to something.  The cartoon was not part of the article but ran in my local newspaper’s Sunday Comics.  So I put the two together and the picture is anything but funny.

So what happens when you  look at sales figures for RV’s in the US?  Yeah…wow.

I guess it’s pretty tough out there for some.  The sad thing is it’s going to get a lot tougher.

The Retirement Myth.  It’s a new hashtag.

I found some pretty sound advice here.  Scroll down to the bottom of the article.

 

Risky alcohol consumption can increase at time of retirement — ScienceDaily

Of retiring employees, 12 percent increased their risky drinking at the time of retirement. However, for most people, there was no change in risky level alcohol consumption around the time of retirement: 81 percent sustained healthy drinking during the follow-up, and in 7 percent of the participants risky drinking was constant, although they experienced a slow decline in risky level alcohol consumption after retirement. In the study, the levels for risky drinking were 24 units per week for men and 16 units for women, or passing out due to extreme alcohol consumption.

Source: Risky alcohol consumption can increase at time of retirement — ScienceDaily

I cannot recall passing out from alcohol so I guess I’m OK.