Observing the quote below:
"An aging population is clogging the nation's economy with the vested
interests of older generations, young people and social experts warn,
making an already hierarchical society even more rigid and conservative.
The result is that Japan is holding back and marginalizing its youth at
a time when it actually needs them to help create the new products,
companies and industries that a mature economy requires to grow. "
Would this suggest it is better to have mandatory '/early/' retirement
to help rejuvenate the system? Let those young and energetic minds and
bodies *create*, pay them more, and tax them more for pensions. What the
heck. These days it really is just more work for the 'fed's (or Queen's)
printers.
Darryl
On 1/28/2011 3:02 PM, Michael Gurstein wrote:
http://www.nytimes.com/2011/01/28/world/asia/28generation.html?partner=rss&e
mc=rss
A very interesting and perhaps prescient article (for the other OECD
countries).
M
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