I am strongly for postponing retirement age. It is too many to enumerate/list. Due to medical improvement, age to be over the hill is extended. The life expectancy around WW2 was 50 years old. Now it is over 80. Age restriction is old-fashioned system before appearance of demographic imbalance. I believe we can expect huge merits from it. I’d like to shed light on two aspects here.
Firstly, postponing retirement can be one of the resolutions for work shortage. According to the demographic statistics, one in four in 2025 would be over 65 years old. Even now, we suffer from demographic imbalance. To solve this problem, to extend the retirement age can be good solution. The merit system has been installed for the last two decades. I believe the system is not a matter of age. Current 50’s and 60’s are still alive and kicking. As far as people who are willing to work can bear fruit, they should be allowed to continue their career. Their contribution compensate for the shortage of younger work force.
Secondly, we can secure time to succeed technology and craftsmanship. In some fields, age and accumulated knowledge are strong advantage. Researchers, engineers and professors may very well benefit from their many years of experience. It's very difficult to take over their experiences within a short time. Why is it short? In an extreme case, old tech is simple. The longer time goes by, the more technology is sophisticated. For example, transistor radio uses simple technology, to the contrary, mobile phone with multiple function is so complicated. Younger engineers need time to master the distinguished knowledge and enhance it.
In conclusion, postponing the retirement age has two significant advantages. We can expect to secure work force and succession of technology and craftsmanship. These two are strongly related to national power.
If we don’t take measures on this issue, we will loose national power and competition in international markets.
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