How to Fix Social Security

[firstdown]

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.

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.

[Schneed10]

Originally Posted by firstdown

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.

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.

[firstdown]

Originally Posted by Schneed10

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.

Maybe your on to something. Like finding higher paying jobs and maybe staying in school a little longer and if they decide to quite school then that is really their decision.

[GTripp0012]

Originally Posted by Schneed10

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.

[Schneed10]

Originally Posted by GTripp0012

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.

No, that's not what it suggests. Businesses will only add those employees if they think that consumers show a DEMAND for new products/services. If the demand is not there, there is no incentive to add workers.