In the present times, there has been a surge in the number of seniors opting for similar occupations as juniors. This essay will suggest that the main problem this causes is higher poverty among older people and propose lowering the retirement age as a possible solution, followed by a reasoned conclusion.
Increased competition for today's youth has left many seniors in poverty. When a young and old people applied for the same job position, it will leave many seniors without work and left on the scrapheap because it is often the case that the young individual will have more skills and may also be willing to work for less money. For example, a recent survey showed that since the financial crisis in 2008, fuel and poverty has increased by 82% amongst the aged. Despite this, many of the older generations own their property and have large savings and therefore, are somewhat insulated from these troubles.
The most viable solution would be to drop the age of retirement. Most industrialised countries could afford to lower this from 65 to 60, thus allowing millions of people to retire and be looked after by the state. For instance, Finland has recently decreased the retirement age for all government employees to free up more jobs for their graduates. However, this initiative may be very unpopular with the business community, who have to pay many of these early retirements.
In summary, the increased rivalry between young and old in the job market has resulted in the impoverishment of many of our older citizens and countries should consider reducing the age of the retirement to solve this.
In the present times, there has been a surge in the number of seniors opting for similar occupations as juniors. This essay will suggest that the main problem this causes is higher poverty among older
people
and propose lowering the
retirement
age
as a possible solution, followed by a reasoned conclusion.
Increased competition for
today
's youth has
left
many
seniors in poverty. When a young and
old
people
applied for the same job position, it will
leave
many
seniors without work and
left
on the scrapheap
because
it is
often
the case that the young individual will have more
skills
and may
also
be willing to work for less money.
For example
, a recent survey
showed
that since the financial crisis in 2008, fuel and poverty has increased by 82%
amongst
the aged. Despite this,
many
of the older generations
own
their property and have large savings and
therefore
, are somewhat insulated from these troubles.
The most viable solution would be to drop the
age
of
retirement
. Most
industrialised
countries could afford to lower this from 65 to 60,
thus
allowing millions of
people
to retire and
be looked
after by the state.
For instance
, Finland has recently decreased the
retirement
age
for all
government
employees to free up more jobs for their graduates.
However
, this initiative may be
very
unpopular with the business community, who
have to
pay
many
of these early retirements.
In summary, the increased rivalry between young and
old
in the job market has resulted in the impoverishment of
many
of our older citizens and countries should consider reducing the
age
of the
retirement
to solve this.