Wednesday, March 29, 2017

A World Without Retirement ???

Bad news for residents of the UK - they can't retire:

We are entering the age of no retirement. The journey into that chilling reality is not a long one: the first generation who will experience it are now in their 40s and 50s. They grew up assuming they could expect the kind of retirement their parents enjoyed – stopping work in their mid-60s on a generous income, with time and good health enough to fulfill long-held dreams. For them, it may already be too late to make the changes necessary to retire at all.

In 2010, British women got their state pension at 60 and men got theirs at 65. By October 2020, both sexes will have to wait until they are 66. By 2028, the age will rise again, to 67. And the creep will continue. By the early 2060s, people will still be working in their 70s, but according to research, we will all need to keep working into our 80s if we want to enjoy the same standard of retirement as our parents.

You can read the rest @

But wait a minute - with the coming AI / robotics revolution, most of them will never have jobs in the first place. So theirs will NOT be "a world without jobs" or "a world without retirement"; it will be a world without income.

How can there be a solution to this mess?

1 comment:

  1. And essays like this one miss the point entirely: