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Durudarshan - Investment Analysis

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The youth unemployment and the Retirement age

Posted on May 28, 2013 at 7:24 AM
It seems a little bit of tweaking and changes in policy may improve the situation in Europe dramatically, at least I believe so.
 
The high rate of unemployment amongst the under-25s and the debate about the Retirement age surely throws up possibilities of correction and growth in the right segments. 
 
People like to retire early, not work into their old age!  People like to work a slightly shorter week, so they can enjoy some leisure time enjoying the sunshine, pottering around town, meeting friends, playing cards, taking youngsters to all the exciting places, and so on.  That is the boon of the Digital age, where people shouldn't have to work long hours.  Each new generation should have more leisure time, and a better standard of living.  Why not? 
 
And the young people, why should they be unemployed?  If there is work to be done, they should do it instead of the older people.  Does it not make sense?  It would reduce unemployment amongst the young people, who are the strength of this generation.  What a relief it would bring. 
 
If more young people are facilitated into the jobs market, they will become empowered to do all the traditional jobs such as plumbing, shop-keeping, driving, cooking and catering, house-building, architecture, book-keeping, teaching, nursing, pharmacology, dentistry, librarianship, well you can add a few names as well.
 
As the young people work, the economy will boom, able to support the people who need to retire and draw a pension.  It will seem fair if people who have worked hard for so many years can retire at a reasonable age and enjoy a future of a leisurely life, whilst the young can convert all their talents and energy into wealth for their nations, by work, enterprise and innovation. 
 
Europe can endeavour to put young people into traditional occupations, as well as nurturing talents for the digital economy.  Maybe the lucky ones will help create some star performers like Facebook or Pulse or Tumblr, and those can be developed as hobbies by the rest of us I guess. 
 
Now I hope the legislators and labour department superemos can sit down and formulate some ideas that will turn all that latent energy into wealth and growth for Europe.
 
Kind regards,
Duru-darshan.
 

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