Are you prepared to work until you are 70?

[i-need-a-martini]

There is no way I will be. I am not planning to work beyond 55!

But it won't affect people like me will it? I have my own plans and they will be self funded.

So once again, it will be those less fortunate and less able to take care of themselves who will suffer.

[*crikey*mate*]

apparently we don't need car manufacturers anymore

wake up

like it or not, the industrial revolution is over

many jobs/fields have already become obsolete, and more will follow.

There is a new field and a new occupation being created every 6 to 8 hours

That's where Australia is being dragged, into the age of knowledge. They're going to send/take most manufacturing overseas where labour is cheaper. For a while the comopnaies will hold the Aust govts hostage and ask for money to stay, but in the end they'll go, Maybe toyota would have stayed this time, but what about the next time they wanted to produce a new model?

I have already acknowledged several times that there will be adverse affects for some people and some occupations, so time to put the stick down and stop flogging the dead horse.

Retiring at 70 isn't Disney, but it may well be a relaity if not a neccessity as people simply are not in the workforce producing their taxes for as long as they used to be atm.

My point is that for those wanting to work longer to have a few more years to save some capital, if it is legislated to retire at 70, other considerations such as work cover and other insurances will also have to be addressed making it a more viable solution.

we have an aging population, and we can't support them. so somewhere something has to give.

we either encourage internal population growth, but this has to come from a socioeconomic group that is less likely to rely on govt assistance long term, or we look to immigration - other than that, we're running out of avenues on how to make sure our older generations have enough money to survive on. Retirement is absolutely useless to anyone who can't afford to eat if the pensions or their savings arent enough

In an ideal world, we'd all retire at 50 or earlier maybe, but Utopia is the stuff of fiction

we don't want trade agreements that will boost exports, we don't want to encourage the wealthy to reproduce at a faster rate than they do, and we don't want people working past 65 or whatever

we want better education, we want better support for our disabled and god help us, as hard as we fight against the realities of globalization, we still want an internet system that keeps us in line with the rest of the world.

we can't have it all.

the money has to come from somewhere

[just_me_karen]

Who will fix farm fences?
Feed pigs?
Lay bricks?
Build roads?
Service cars?
Drive rubbish trucks?
Stack supermarket shelves?
Tend to hospital patients?
Run school tuck shops?
Dry clean jackets?
Weld trailers?

Offshore workers where wages are cheaper?

I reckon there might be a few problems with that, but I guess some people must believe the abbot slogans otherwise he wouldn't be in the palace.

[fourandsixpants]

I read Mr Hockey wants us to work until we are 70.

If the Abbott government decides to further raise the pension age, it would be staggered over half a decade or more.....

half (1 decade) = 5 years......sounds so much  'l - o - n - g - e - r'  than simply saying 'staggered' (PPFFffttttt!) over five years!!'

....I probably can work until I am 70, provided I stay on hormone replacement therapy to keep my brain functional. I have a desk based job not requiring too much physical exertion. Also I am probably excluded as the change will be staggered to take into account those who worked pre the Superannuation Guarantee Charge days.

What of my husband, however? He has a very physical job. Are we expecting him to be shoveling mulch at 70? What of brickies, sparkies or chippies? They can’t all move into management, after all.

Won’t we be keeping young people out of job? So pensions go down but New Start goes up? We can’t afford pensions but we can afford the Paid Parental Leave scheme?

We need a younger population as we are, as a colleague said today, an inverse pyramid. We need migrants to work to pay taxes to fund our older population.

What about that Liberal objective expressed in paragraph j:

(j) in which social provision is made for the aged, the invalid, the widowed, the sick, the unemployed and their children

I guess not, huh?

There is the little fact that the average life expectancy of a First Australian man is actually less than 70 years.

http://www.aihw.gov.au/deaths/life-expectancy/

I totally accept that we cannot pay what we cannot afford, however I’m not sure making us work until we are 70 is such a sensible idea. There would probably be an increase in work related injuries in many occupations. Higher medical costs. On the other hand, Hockey also thinks we may have to disallow medicine for sick children.

We need to find other approaches to this problem, IF it is actually a problem and that is yet to be proven to my satisfaction. We give massive tax breaks to various businesses: perhaps some of THOSE need to be adjusted before we send 70 year-olds into the coal mines. Because of course under the current regime we don’t recognise environmental issues and we will indeed still be mining coal.

Some transparency about all this would be wonderful, but I’m not holding my breath.

Sadly.

http://teamoyeniyi.com/2014/04/14/work-until-i-am-70/

[fourandsixpants]

to OP.

Australia is turning into a third world country!

It's all part of a Grand Plan.....less and less fulltime jobs.....there are less and less fulltime jobs because the Australian Govt keeps selling off our greatest wealth, our resources and far too cheaply.....part-time jobs pay $pathetic amounts an hour.....weekly hours get cut down.....benefits are 'zero'.....superannuation is a scam and govt keeps changing the rules so they can get first grab at every opportunity.....retirement is now just a dream for the few wealthy-funnily enough these same wealthy are the ones making these new rules.

nice.

[debra9275]

but it may well be a relaity if not a neccessity as people simply are not in the workforce producing their taxes for as long as they used to be atm.

how can that be??? People are actully in the workforce and paying taxres for longer altready ( the retirement age used to be 60)

There is a new field and a new occupation being created every 6 to 8 hours

such as????

[fourandsixpants]

replying to DHalo.

what did I read in newsheadliners earlier??....

Was it...." RETIREMENT IS REAL AT 70 SAYS POPE FRANCIS" ? ....and....."SATAN IS ON THE RADAR SAYS HOCKEY...." ?

[*crikey*mate*]

---

@just_me_karen wrote:
Who will fix farm fences?
Feed pigs?
Lay bricks?
Build roads?
Service cars?
Drive rubbish trucks?
Stack supermarket shelves?
Tend to hospital patients?
Run school tuck shops?
Dry clean jackets?
Weld trailers?

Offshore workers where wages are cheaper?

I reckon there might be a few problems with that, but I guess some people must believe the abbot slogans otherwise he wouldn't be in the palace.

---

Which of those fall into the spectrum of manufacturing?

Your previous post related to manufacturing which is what I responded to.

[*crikey*mate*]

---

@just_me_karen wrote:
and then when these manual labourers do retire at 70 they've lost their health and quality of life....due to work. What kind of reward for their contribution to Australia is that?

DH, as for phasing out manufacturing job "etc" that's just ludicrous...we need workers in all types of jobs otherwise we have to do those things ourself... which means the whole country de-skills because unproductive time is spent on doing a plethora of things poorly.

Low productivity, loss of skills, economic bust.

---

yep, here it is, you specifically spoke of manufacturing

[*crikey*mate*]

---

@debra9275 wrote:

but it may well be a relaity if not a neccessity as people simply are not in the workforce producing their taxes for as long as they used to be atm.

how can that be??? People are actully in the workforce and paying taxres for longer altready ( the retirement age used to be 60)

There is a new field and a new occupation being created every 6 to 8 hours

such as????

---

No they're not, I have already explained this.

"In the old days" people were entering the workforce at 15ish. These days, with greater numbers completing year 12, that figure extends to 18 years old, and then the HUGE increase in those going on to other training such as TAFE or University, many are not entering the workforce until about 24 years of age.

[debra9275]

so, what are the new fields and a new occupations being created every 6 to 8 hours?