General Discussion
In reply to the discussion: Democratic Senator Introduces Bill To Lift Social Security’s Tax Cap, Extend Solvency For Decades [View all]dreamnightwind
(4,775 posts)The huge productivity increase is mostly ignored, and the benefits of it have gone only to the ownership class, not to workers.
People over 50 are having a tough time in this economy. If you don't already have a job at that age, good luck. They need more options, one of which could be a subsistence-level early retirement.
I remember when I was a kid, we looked forward to the days when our work could be done in half the time with the advance of technology. Somehow we thought we'd have more leisure time! What we didn't realilze was that it was our future EMPLOYER'S work that could be done in half the time, or with half of the employees. With few individual salaries able to support a household (requiring both spouses to work in a married household), we need twice the jobs to survive, not half the jobs. The numbers don't add up for the labor pool.