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Letter: Better life for all through early semi-retirement
To the editor:
Re: Angry Unemployed Youth Shake Up Status Quo Around the World, Jane Muskens column, Feb. 25, Capital News.
One way to achieve a reduction of youth unemployment would be by lowering the retirement age.
If people over the age of 55 would spend the last few years, until their retirement, with training, teaching and mentoring younger people on a part-time basis, without losing their benefits based on full time work, then, and in no particular order of importance:
1. Middle managers could rise up the ladder sooner
2. The knowledge and know-how, of these new part-timers, would not be lost
3. Younger people would receive appropriate training
4. By entering the workforce they would contribute to the pension fund(s)
5. By working, they would be less likely to tax the medial system
6. A decrease in unemployment could also mean a decrease in domestic violence, other violence, suicides, accidents etc., and
7. When working they then would, perhaps, also be less likely to be a burden to the law enforccement and legal systems (eg., due to alcohol abuse, illegal drug consumption, and/or risky behaviour).
By maintaining full-time benefits, for half-time work, provided it is spent monitoring, then the mentors would ease into retirement years:
1. Therefore, would be less likely to destabilize their relationships at home
2. Thus they would, possibly, maintain betterhealth
3. They might, subsequently, be less of a burden to the health care system
4. They would be free to volunteer, during half of the gained time, and
5. They might devote more time to adult education, home renovations, travel etc., and invest some of their savings into the economy.
Furthermore, people, who work regularly in excess or 50 hours per week, should be more heavily taxed on their earnings, for those additional hours, because they are taking somebody else’s job away.
Employers should not be able to avoid granting benefits, by hiring several part-timers to fill full-time jobs.
There may be other aspects, to lowering the retirement age, which I have not considered.
In my opinion, raising the retirement age, is the wrong way to approach our social skills. I have never yet read an article, promoting early part-time retirement, based on the above benefits and hope that better brains will take serious look at my conclusions.