Citizen’s aging problems become serious social issues, thus some governments issue some new policies to reduce the pressure on paying pensions, which the most common one is allowed people to work after the original retirement age. In my opinion, this measure might solve certain financial problems from governments, but will create other social problems.
Firstly, this phenomenon could take away numerous young people’s opportunities of work. The number of jobs which provided via the society is almost constant during a short-term period, because when old employees who delay retirement, which means these jobs will be available for fresh graduates in a few years later, especially, it would affect the high skills requirement kinds of jobs. For example, architectural design enterprises are often trying to hold their old employees as long as possible, because they accumulated a lot of knowledge and experience. Therefore, the unemployment rate of youth might rise and add some unstable elements to societies.
On the other hand, it could increase the operating cost of businesses. The length of service is an important factor for human resources setting a salary structure, so the old usual gain a much higher income than the new. For example, a worker might get $30 per hour on the first day of his career, and he could get $100 per hour after 30 years, that could be a big pressure on some manufacturer or service provider because there is no a big skill gap of jobs between the young and old. According to the reverses view that young people not only reduce the labour cost, but also become the new blood join to the group and develop the industries.
In conclusion, although a delay of retirement could transfer a part of financial problems from the government to individual and companies, it will create some new troubles to the society.
Citizen’s aging problems become serious social issues,
thus
some
governments
issue
some
new
policies to
reduce
the pressure on paying pensions, which the most common one is
allowed
people
to work after the original retirement age. In my opinion, this measure might solve certain financial problems from
governments
,
but
will create other social problems.
Firstly
, this phenomenon could take away numerous young
people
’s opportunities of work. The number of
jobs
which provided via the society is almost constant during a short-term period,
because
when
old
employees who delay retirement, which means these
jobs
will be available for fresh graduates in a few years later,
especially
, it would affect the high
skills
requirement kinds of
jobs
.
For example
, architectural design enterprises are
often
trying to hold their
old
employees as long as possible,
because
they accumulated
a lot of
knowledge and experience.
Therefore
, the unemployment rate of youth might rise and
add
some
unstable elements to societies.
On the other hand
, it could increase the operating cost of businesses. The length of service is an
important
factor for human resources setting a salary structure,
so
the
old
usual gain a much higher income than the
new
.
For example
, a worker might
get
$30 per hour on the
first
day of his career, and he could
get
$100 per hour after 30 years, that could be a
big
pressure on
some
manufacturer or service provider
because
there is
no
a
big
skill
gap of
jobs
between the young and
old
. According to the reverses view that young
people
not
only
reduce
the
labour
cost,
but
also
become the
new
blood
join
to the group and develop the industries.
In conclusion
, although a delay of retirement could transfer a part of financial problems from the
government
to individual and
companies
, it will create
some
new
troubles to the society.