The debate about the retirement age elevation is very controversial. While it is essential to benefit from the elderly’s experience, keeping them occupied participates in the buffering effect to sustain their psychological and sociological spirits at high levels. However, the youth are reluctant, as they view this as a limitation to their opportunities and a decline in their employment rates.
On the one hand, economic experts and politicians focus on the potent role of maintaining seniors’ experience in any career. Economist Professor John Symon, from the University of Boston, explains that not only have older employees already overcome many career challenges by constructing unbeatable strategies they know by heart, which reflects on the smooth progression of their jobs, but also, giving them a chance to continue participating in the work field—if they choose to—contributes to the national income as they also continue to pay their taxes. “They still have much more to give.” he insists.
On the other hand, psychologists are warning about the load that this new retirement policy adds to the shoulders of older people. They suggest that the time has come for them to rest and enjoy more relaxing lives, without exposing them to work risks and stresses that might deteriorate their health. Psychologist Dr. Simon Camen has another opinion, as he claims that he noticed many of his retired patients revealing many social and financial challenges after giving up their careers, marking that the stresses they are under because of retirement are far more destructive to their mental health than when they were at work.
Furthermore, young people and fresh graduates are expressing anger and hard feelings due to the sense of career limitations they perceive from the new strategy. They widely reveal that they feel that the government is not providing them with enough occupational opportunities and spaces to gain work experience and play their roles in the progression of the nation by using their modern educations and strategies.
In a nutshell, most experts state that there should be a calculated balance between indulging fresh blood into the work circulation while maintaining the wise experts. Additionally, they advise the government to empower the youth by giving room for their novel solutions and out-of-the-box strategies, as this will contribute massively to the national rise. Additionally, it will surely outweigh any old-fashioned experiences.