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View Diary: New IRS report confirms upcoming retirement crisis (95 comments)

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  •  i sometimes wonder if (0+ / 0-)

    this idea of retirement wasn't just a temporary situation caused by us being the only intact country after WWII. Blue collar jobs could provide a higher standard of living than ever before and we decided it was the new normal.

    then Europe rebuilt, China/India became economic competitors and those wages are no longer supportable.

    Until just recently it was work till you drop for virtually all of us. Still is in most of the world.

    •  Pretty much the case (0+ / 0-)
    •  It can be, but only if we let it. The only thing (0+ / 0-)

      stopping us from allowing everyone to retire comfortably after 30 years work is the idea that resources should be allocated excessively to small numbers of people. We can produce far more with far less labor than ever before, which is one of the root problems behind our unemployment problems- we just don't need as much labor as we used to.

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