http://www.thomhartmann.com/blog/2009/08/cash-geezers-lower-retirement-age-55-now
The overriding theme of the link you included is that we need to tighten the labor market to drive wages up, which drives up the economy as a whole. Below are three ideas for doing that—tightening the labor market by legalization of labor, and taking older Americans out of the workforce:
1) An employment-related issue that should have been expanded on further is immigration. Having allowed our own to atrophy, America needs an infusion of physical muscle. This should come from Mexico. There are about 12 million undocumented Mexicans who should be legalized and made to pay into Social Security (SS). Beyond this, a guest worker program would also ensure order, higher wages, and increased SS coffers.
2) We could experiment. The government could leases land conveniently juxtaposed to public transportation. People over 50 are given an option. In exchange for full medical insurance coverage and a stipend, they forfeit regular SS benefits through age 70. During that 20-year window, they can live for free on the government-leased property and produce their own food while also planting trees (or something similar).
3) Create a jobs core for youth that could work pretty much along the lines of article 2).
Monday, October 25, 2010
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