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Old 03-28-2008, 06:30 PM   #93
GTripp0012
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Join Date: Mar 2006
Location: Evanston, IL
Age: 38
Posts: 15,994
Re: How to Fix Social Security

Quote:
Originally Posted by Schneed10 View Post
How can a job make someone poor??? Even if it pays $7.50 an hour, it still gives you more money than you would otherwise have if you were unemployed.

It doesn't solve anything, you're making no sense. If more low-level jobs are taken up by the working poor in their old age, there will be fewer low-level jobs for younger people. They will either be squeezed out of a job altogether, or they'll have to seek a higher-level white collar job. Unless they're college graduates, which most of the working poor are NOT, they will have a significantly harder time finding a job that matches their skill level.

Plus, employers will realize that they can hire a cashier who's 24 and get rid of the geezer who's 76. The 76 year old will then be out on the street seeking a job, and tell me who will prefer him over a younger person?

It will cause absurd problems in the job market. I can't figure out what the hell you're talking about.
If a statistically significant supply of poor elderly workers arises, won't businesses respond by creating more low cost jobs that can be filled by this skill set? Isn't that what economic theory suggests?

If we have a seemingly endless supply of the elderly willing to work for minimum wage to support their retirement, that seems like it would be economically beneficial.

On a humanitarian standpoint, that's probably a less-than-ideal way to finish ones working years, but at least it would serve as a model situation to be avoided for younger generations.
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