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Young people work very hard when they are doing something worth their while. You see young people in NGOs working all day without close to no pay. You are righ

Young people work very hard when they are doing something worth their while. You see young people in NGOs working all day without close to no pay. You are right. There is nothing in for young people working in a company their dream they don't share. It doesn't even make the ends meet, so why bother?

toomuchtodo 4y ago
Better thesis than the WSJ could do. “Show me the incentives and I will show you the outcome.” 1.8 million people over the age of 55 die every year in the US (per US CDC). This labor pool will dwindle over time.
- saulpw 4y ago
  According to https://www.populationpyramid.net/united-states-of-america/ https://www.populationpyramid.net/united-states-of-america/ there are about 20m people in the 50-55 category. So about 4m people age into the over 55 category every year (for now anyway). This is a lot more than those 1.8m people who are dying each year. This is just the "aging population" problem, what better solution than to put them to work?
  - toomuchtodo 4y ago
    https://seekingalpha.com/article/4531829-older-workers-propping-up-us-economy https://seekingalpha.com/article/4531829-older-workers-propp...
  - cableshaft 4y ago
    > So about 4m people age into the over 55 category every year (for now anyway). This is a lot more than those 1.8m people who are dying each year. Spoiler alert: those 4m people aging into over 55 were likely already working, so they're not taking a bunch of 'new jobs' , just shifting roles (and vacating their previous roles). You're still losing that 1.8m per year. You have to look at the other end of the job pool for new entrants, those turning 18, and see what their attitudes are. That's the parent comment's argument. The younger people will take up a larger and larger percentage of the 'under 55 year old workforce' and have a very different relationship with work than those that are currently over 55. Eventually they'll take enough of a chunk of the workforce that corporations will have no choice but to accommodate, because they can't just keep tapping into the dwindling 'people who will overwork themselves into an early grave' demographic to make up for it.
    - saulpw 4y ago
      You're right, thanks for helping me clear up my thinking.

toomuchtodo 4y ago

Better thesis than the WSJ could do. “Show me the incentives and I will show you the outcome.” 1.8 million people over the age of 55 die every year in the US (per US CDC). This labor pool will dwindle over time.

saulpw 4y ago
According to https://www.populationpyramid.net/united-states-of-america/ https://www.populationpyramid.net/united-states-of-america/ there are about 20m people in the 50-55 category. So about 4m people age into the over 55 category every year (for now anyway). This is a lot more than those 1.8m people who are dying each year. This is just the "aging population" problem, what better solution than to put them to work?
- toomuchtodo 4y ago
  https://seekingalpha.com/article/4531829-older-workers-propping-up-us-economy https://seekingalpha.com/article/4531829-older-workers-propp...
- cableshaft 4y ago
  > So about 4m people age into the over 55 category every year (for now anyway). This is a lot more than those 1.8m people who are dying each year. Spoiler alert: those 4m people aging into over 55 were likely already working, so they're not taking a bunch of 'new jobs' , just shifting roles (and vacating their previous roles). You're still losing that 1.8m per year. You have to look at the other end of the job pool for new entrants, those turning 18, and see what their attitudes are. That's the parent comment's argument. The younger people will take up a larger and larger percentage of the 'under 55 year old workforce' and have a very different relationship with work than those that are currently over 55. Eventually they'll take enough of a chunk of the workforce that corporations will have no choice but to accommodate, because they can't just keep tapping into the dwindling 'people who will overwork themselves into an early grave' demographic to make up for it.
  - saulpw 4y ago
    You're right, thanks for helping me clear up my thinking.