Saturday, July 23, 2011

Debt: A Slight Structural Problem

...The problem is structural: Not enough people do not enough work for not enough of their lives. Developed nations have 30-year-old students and 50-year-old retirees, and then wonder why the shrunken rump of a “working” population in between can’t make the math add up.

Read the rest of
Mark Steyn here.


Anonymous said...

Shift the dates slightly for the story of IT life: into the job market after college in early twenties and over the ideal age for a knowledge worker at 35. (Industry articles often advise focusing hiring on those 35 and under while other fields consider a person over 40 an older and less desirable worker.) So one must fund children, college, and retirement all in as short as a 13 year working life? The government will be stuck with the financial rescue of non-working elders if it can't make a place in the economy for the older worker.

Michael Wade said...

If those industry articles pertain to the United States, they are advising a violation of the Age Discrimination in Employment Act.