Hey, Paul, haven't you heard? We can't afford the social insurance
programs we've had in the past. Because of decades of capital
accumulation and increasing GDP/capita, our societies have become
poorer. Anyone who doesn't know this hasn't been reading the papers or
watching TV.
Peter
[EMAIL PROTECTED] wrote:
>
> Can anyone tell me why the US economy, reputably the strongest
> and most vibrant (in terms of technological improvement) in the
> world, is increasingly forced to dragoon its aged to work in order to
> maintain the minimal (frequently poverty level) standard of its senior
> citizens? Is this the equivalent of child labour in the Third world?
>
> Paul Phillips,
> Economics,
> University of Manitoba
> >
> > The Social Security retirement age will increase for 150 million working
> > Americans beginning this month, the Social Security Administration said.
> > The increase in the full retirement age begins with individuals born in
> > 1938, whose normal retirement age will be 65 years and 2 months. The age
> > increases in two-month increments for workers born between 1939 and 1943
> > until the retirement age reaches 66 and remains there for all workers born
> > through 1954. For those born after 1954, the retirement age begins to
> > increase again in two-month increments until it reaches age 67 for those
> > born in 1960 or later, the SSA said. The increase in the retirement age was
> > included in the Social Security Amendments of 1983 (Daily Labor Report, Jan.
> > 25, page A-8).
> >
> > DUE OUT TOMORROW: Employment Cost Index -- December 1999
> >
> >
