|
|
|
|
|
|
by WalterBright
334 days ago
|
|
|
I'm very skeptical of this. It smacks of burning half your crops so the price of the remainder gets bid up. We can also examine it by pushing it further. What if the mandatory retirement age was 30? The wages for those under 30 will be higher because of supply and demand, but they'd also have to support all those people over 30 who are not contributing anything to the economy. In the net, early retirement will lower the standard of living of those still in the workplace. |
|
|
More specifically it would lower the standard of living for everyone, if you don't count free time.