It hurts young people by creating less open jobs as I mentioned.
I've thought about this idea before and I liked it, but I hit that roadblock. Old people need to leave the workforce to open spots for young people.
It's falling into the 'lump of labour' fallacy. There isn't a set amount of work to be divided up. Workers tend to consume more than retirees, which affects the number of total jobs.
Does one additional worker (vis a vis retiree) require a sum of one additional employee in the economy to provide all services for? If not, then we eventually run into a problem regardless.
It hurts young people by creating less open jobs as I mentioned.
I've thought about this idea before and I liked it, but I hit that roadblock. Old people need to leave the workforce to open spots for young people.
What if they can't afford to?
Well that is an additional problem. It is true that many of them can't afford retirement.
