Reply #30: Lower the retirement eligibility age is not a force out but making options available. [View All]

We need to also get a handle on there being less and less private sector jobs available as the years march on. Computers, automation, and globalization will whittle away at the job base (not to mention wages for most) for many years.

We just don't have enough for billions to do forty hours a week, 50 weeks a year. Companies will be very unlikely to incorporate the level of redundancy and "make work" as they did in years past. Why would they? Production can easily keep up with demand, efficiency is sky high, and profits are higher.

Then we have some huge resource distribution issues that have to be corrected to restore any semblance of demand. The bottom 40% have less than 10% of the wealth and income combined and the top 20% easily match the bottom 80%. There is only so much demand even the most spendy and generosity can drive an economy of millions and really billions when they are such a puny portion of the population.
We just have to have substantially more resources in more hands to make ANY kind of economic system function beneficially and effectively.

I personally believe people need to be in school longer to acquire a much broader education and skill sets. I would like to see as many Americans as can benefit and tolerate it to have a liberal arts degree for a foundation, a specialization, and one or two technical/vocational skills as well. At the same time people should be free to retire and collect benefits between 57 and 62 which means a thirty year average production period since folks will be in school until 25 or 30.