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View Diary: Here's A Closer Look at the Guys Telling Us to Raise the Retirement age to 70 (114 comments)

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  •  That is now (1+ / 0-)
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    slinkerwink

    He can do that now because there are a surplus of workers.  As the baby boom retires that will change and he knows it.   Workers are like any raw material to these guys.  When there is too much supply the price drops and you can pick and choose.   That is what has been going on the last decade and cutting older more expensive long-time employees is just part of the game they play to cut costs.  But when the supply goes down, they won't be able to do this any more.  Upping the retirement age helps them solve this problem. That and in the end they will need the workers.

    The difficulty lies not so much in developing new ideas as in escaping from old ones! - John Maynard Keynes

    by Do Something on Wed Jan 23, 2013 at 06:32:41 AM PST

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