Quote:
Originally Posted by Schneed10
Too many Americans will fail to save enough for themselves. They'll then be forced to remain in the workforce until they're 80 or dead, which will take up more jobs, leaving fewer jobs for those under 65, resulting in much higher unemployment rates and much lower productivity and hence GDP. Not having some sort of organized retirement system would be a social and economic disaster.
From a philosophical standpoint, I'm 100% in agreement with you. But if there's no program to support the working poor in old age, they'll stay in the workforce longer and longer.
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Well if the working poor keeps working longer in the job that made them pore tha all the low paying jobs will be taken so they will have to find better jobs. So it really solves two problems.