Federal Government Retirement

The federal government should offer early retirement for baby boomers
Spencer Holly AngryCalifornian


Our current rates of unemployment are not due to a lack of jobs, but rather the fact that our labor force employed is too high, thanks in part to the generation of baby boomers is not ready for retirement.

There are two basic ways to reduce unemployment. One, the classic solution is to increase the number of jobs available somehow create more jobs, and two, to somehow reduce the total number of workers currently employed in sustainable jobs, jobs that will need replacement workers. Either one or a combination, will reduce the unemployment rate.

Creating jobs is good, but it takes too long, it takes many years, and there is no guarantee that there will never be enough jobs.

Reduce the number of workers currently employed are never considered because, on its surface, it does not make sense because fewer workers would have to find an increase of the unemployed and the unemployment rate . But this is only true if the needs of workers no longer employed to collect unemployment benefits, and seeking a new job.

If self-employed workers did not receive the benefits, and does not need to seek new employment, the effect would be to create new jobs. It is a mathematical fact that when workers leave the labor force, the unemployment rate must decrease

So, we must reduce the labor force in order to reduce unemployment.

Clearly, we can not reduce staff by decree or by force. We want people to leave their jobs voluntarily, and abandonment of the workforce. A simple and effective way to induce workers to voluntarily leave their jobs and not collecting unemployment benefits, and no need to seek new employment, would offer early retirement to some older people who are already close to retirement, but are still clinging to their jobs until they reach the age of 65.

Under the current rules of the social security system a person can now retire at age 62, however, their benefits and the monthly amount they receive is far less than if they wait until they reach age of 65. It could encourage older workers to retire early by providing comprehensive social security benefits at age 62 instead of 65, and effectively reduce the unemployment rate.

We would probably create more of a post by the individual retirement because older / experienced workers often possess knowledge and skills that make them effective workers are able to work more than an inexperienced person. It could easily take two or more new employees to handle the duties of one employee retires.

Employers like that because it would reduce their labor costs they would pay the highest paid people in favor of the less well paid, and could probably hire more new employees by an employee retires. And they could also see a reduction in their health insurance costs, and costs of workers' compensation, because young workers are healthier.

Instead of collecting unemployment benefits, people would now work on income tax, and SSI and Medicare, etc.

And let's face it. Those who spend the most money in our culture are the young families to feed and cloth, and house, etc., etc. The crowd was more done with that, very likely, their houses are paid, and their children of our graduation from college, etc. They spend their discretionary money on drugs, recreation and vacation.

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Of course, there are additional costs involved in paying extra money for retirement, but who can.