There are few nations that permit their older citizens to work up to any age as they desire. Its merits are the efficient working of body organs as well as a state of independence, which take precedence over the demerits related to the availability of fewer opportunities for newcomers.
On the one hand, allowing the older population to work keeps their bodies healthy. This is because the workload will ensure the active movement of every body part, thus lowering the chances of several diseases. Similarly, a ‘no-work’ state would invite various problems, such as obesity and limited mobility.
Besides putting their body organs into active use, the work facilitates the aged population to maintain their independence. For the fulfillment of their needs, the older people do not have to look to others. Therefore, the money that they earn from their services could be utilized in their own desired manner.
However, if the older citizens continue to work up to a later age, then there would be limited job opportunities for young people. As the aged people tend to be more skilled and experienced in their work, which makes companies prefer them over newcomers with less hands-on experience. Hence, this would give rise to a situation of ‘unemployed graduates’.
To recapitulate, giving the older population an opportunity to continue working until late years would assist them physically, along with reduced dependency on others. These benefits certainly overshadow the disadvantage of lessened employment prospects for beginners.