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.

[debra9275]

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.

well, I'll explain this

.

 most young people these days still going to school or going to uni/TAFEalso have parttime/casual jobs and pay taxes. . some even  have a couple of jobs a lot of the TAFE students are also doing apprenticeships

[debra9275]

And I'm really curious about this

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

what new fields and new jobs are being created every 6 to 8 hours?

[spotweldersfriend]

Well its only fair that if Hockey and co.lose at the next election and quit politics,they should have to work until they're 70 (preferably as labourers at the new Badgerys Creek airport)
Sitting around on your backside is not being productive.The age of entitlement is over.

[lurker17260]

Unfair spot. They'll probably spend at least 20 hours a year going to board meetings.

[just_me_karen]

DH, And you said manufacturing "etc". What does the "etc" refer to?

If you need to focus on manufacturing only, take a farmer as an example.

Who will manufacture his/her:

Replacement windscreen
Header replacement blades
Work boots
Fencing wire
Grain storage
Water tanks
Fence uprights
Fertiliser
Dredging guns

and the 1000s of other manufactured items that make agriculture possible?

You're suggesting all these things aren't required in our economy and our entire population should educate to get a desk job. You're saying these things can be made overseas.

As an economist, please explain whether this would have any impact on our economy, productivity and food security.

TIA.

[*crikey*mate*]

---

@debra9275 wrote:

And I'm really curious about this

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

what new fields and new jobs are being created every 6 to 8 hours?

---

just have a look at the advancements in things such as intellectual property, gene technology, supply chain distribution, criminology, the health abd fitness industry, as I type there is an entire new field being set up for the management of the **bleep** of deceased persons.

[*crikey*mate*]

Here is the reality. No one is forcing people to wait until they are 50, 60 or even 70 and beyond to retire. We can retire at any age we want to. But the last government told you that they're not going to pay for it until you're 67, this government is apparently shifting that payment to 70 and in the future it will probably raise to a higher age or be phased out completely.

But whatever age we retire at, it's worth nothing if you can't feed and house yourself on the money available to you.

so either hang out until the gov will pay you the pittance they deem acceptable, or take responsibility (where possible - I know there are those that can't) and provide for yourself.

The population is no longer aging, it has aged. And we simply don't have the money to pay sufficient money for those older people to live on.

so isn't it better that they remain in the workforce where they can maybe earn a bit more money than the measly sum our govts hand out to us?

[donnashuggy]

I don't think it is just the physical stuff that is difficult as you age, doesn't your memory fade too? I'm glad I work for myself because I am kind to myself when I make mistakes and there are plenty of those.

I do think older people are probably more reliable and I wouldn't hesitate to employ someone 70 years old but it is a bit scary that they are not covered if they get injured.

[*crikey*mate*]

---

@just_me_karen wrote:
DH, And you said manufacturing "etc". What does the "etc" refer to?

If you need to focus on manufacturing only, take a farmer as an example.

Who will manufacture his/her:

Replacement windscreen
Header replacement blades
Work boots
Fencing wire
Grain storage
Water tanks
Fence uprights
Fertiliser
Dredging guns

and the 1000s of other manufactured items that make agriculture possible?

You're suggesting all these things aren't required in our economy and our entire population should educate to get a desk job. You're saying these things can be made overseas.

As an economist, please explain whether this would have any impact on our economy, productivity and food security.

TIA.

---

Is it essential that all these items be manufactured in Australia, at higher prices than they can be manufactured and produced elsewhere?

Australia is no longer a country of needs, we are now firmly a country of wants, and if those wants are to be satisfied, then something has to give,

We simply can't expect to have things the rest of the world has or do things the rest of the world does.

We are no longer capable of being self sufficient and at the same time meeting the wants of the population.

Like it or not, we live in a global community. We embrace and want that global community, we aspire to and use benchmarks of other countries, and that comes at a cost.

It all comes down to opportunity cost - what you have to give up to get what you want.

[lakeland27]

we are capable of self-sufficiency . its more a case of there being nothing in it for multinationals who call the shots.