Just a few weeks ago I received a link to a post from a friend, referring to mishaps and setbacks happening within economies, “all due” to the retiring amount of people taking on new roles as experienced leaders in workplaces. The Instagram post was of a controversial-named online publishing “Propergaanda”, in which flashcard style of slides from Tweets supposedly tell you how the retired people making a new start is hurting people and well, economies;
I usually hear these such arguments almost everywhere from people, especially adult teenagers. I hold no grudge, whatsoever against people who may be told this way. And honestly, it only seems right in the first place, unless you practically examine it, which it isn’t.
Junior novice level people with zero experience plus no tolerance for freedoms and living rights for others always throw the most unbacked explanation for the problems a protectionist or restrictive system creates collectively. That pisses me off.
First, we all have seen a ton of what the world’s going through.
Let me explain:
* People are living longer than usual and average. The level of good health in senior citizens around the globe has increased. Thanks to advances in science and medicine, you get to see your grand loved ones. Happy and active, and more willing to live on their wits than you. Or for you.
* We were seeing a growing trend for a long time, and now the pandemic just brought the exacerbating problem out in the open. That families just “cannot” care for their senior parents and grandparents. And old people just cannot stand being enclosed behind closed doors and four walls. They can neither stand being moved around and restricted even in caring facilities against their choices. It’s just “abuse” and “amputation”.
* Retirement ages are increasing around the world. Countries are setting maximum age limits forward rather than backwards. Even China and France have started doing so.
* A professional man/woman is never retired. Your profession, what you’ve practiced for many many years does not make you obsolete in terms of ages. It’s just a force multiplier.
* Retirement pensions just cover in all practical and technical sense “zero” expenses of your costs. It’s like your salary completely cut by more than half, or in some cases, more than that.
* Retirement cases are not exempt from hefty taxes, all the wealth they generate toward your economy by taxation and assets piles more than most businesses. Now, maintenance of even a normal life is impossible with hefty taxes and a small shoestring-budget pension.
* Your costs increase with your retirement and age. Medical costs, medical bills, food on the table, etc. Does that mean we should just kill retiring people and take their incentives away?
8) All retirement funds, savings and pension accounts give zero returns on your bank accounts and any pension funds. You’re not permitted to take out loans for your survival regardless of a handsome banking record and tons of collateral. You’re given no credit despite your good and above average record. Your retirement takes your banking benefits away, you’re even not allowed to repair/maintain your own house, property or apply for a business. Now ask yourselves, how will one even live, survive on a Rs800 return in six months in your savings account?
* Governments, and companies, private companies. All cannot afford to bear the costs of giving out pensions to a well-experienced, well-competent growing retiree population. The costs of economic certainty can be covered
i) by calling back
ii) increasing and growing compartmentalized structures and organization whereby retirees have a choice to either retire or not. As mentioned above before; A professional man or woman is never retired.
* The saying that “retired appointees most retain same structures of fief and do not pave down a way” is completely unfounded. It is rather a politically populist slogan. Many white and blue collar retired workers have pursued further education in line after retirement. And this has been visible around the world. In order to advance and be further contributors of society and economy.
* Retired people have a much stronger sense and better workflow tolerance and are well aware and experienced of ‘hidden’ constraints and restraints. Having to steadily change and advance any moving process is made more diligent by having more retired or semi-retired persons in the workforce. Who can rather navigate through a complex system and needs that you would otherwise not be able to, despite reading thicker and thicker rule-books and help books no matter how relevant.
There are many more reasons that I can list on. And you, as reader can think many more of them so.
Conclusion
In the end, the 21st century won’t bear the calamities of any retiring well-fit workforce other than retaining it completely in the workplace. The evermore growing population has to be re-included in the workspace, or else any kind of welfare plan no matter how big to tackle this and other issues would collapse on itself. People being given equal treatment and choices after retirement would not help boost innovative drive and mobility, but enough resources can then be saved for and be allocated to provide welfare disenfranchised and lower-income classes. Innovation and innovative expansion is the best solution to national economic success and stability. Denying opportunity to masses on the reason of an older age will just become ‘career colonialism’ which is the very rooted problem the whole of Asia is still spending time fighting against.
