In bygone days, there was no competition between younger and older ones. Nowadays, the competition level is increasing with the passage of time. In the modern world, the retirement age for people is must crucial. However, l would like to shed some light on my viewpoint in forthcoming paragraphs.
To outline my viewpoint, there are many reasons why retirement age is important for individuals. The predominant one is that it would generate employment opportunities. In other words, today several young people are educated, and they are pursuing higher academics. So , if old people leave jobs, it opens several employment opportunities that younger can easily get. Secondly, companies benefit a lot. Since, they need new innovations, the new generation has more ideas rather than older .
Furthermore companies can easily to cut its expenses. To elaborate, in technical world, youngest can convenitly getting jobs with low salary but instead of this, companies get employees without spending a lot of money. Apart from that, today is the era of technology and speed, because of academic young individuals have knowledge about new software gadgets. Beside this, muture do not have enough information about it but also they have old exprience.
Moreover, it would help the old employees too. To explain, old employees have known about retirement age. So that, he would hard work enough and without any worry about the security of the job. He can save enough for the past retirement life.
To conclude, l would state that it is vital to have retirement age because old cannot work efficiently. Young can easily doing work in quick way. This trend would help all the sections of society.