A New York TImes article today titled ‘French Minister Says Retirement Age Will Rise’ comments on a French Government plan to raise the retirement age in one-year increments to ‘help offset growing pension obligations’, and says that “Until recently, altering the retirement age had been taboo for a government wary of stirring up unions …”.

Whether or not the French Government successfully pursues this course of action, as job losses are experienced in the U.S. and elsewhere and the elderly see their assets and retirement plans plans deteriorate inevitably older people nearing what is thought to be ‘normal retirement age’ will look to extend their working years, and those who are already ‘retired’ will look to find full time or part-time jobs. These are people who have had many years of on the job training, and assuming adequate health and energy, often are much easier for employers to integrate into their business with less training time required. To me, this again emphasizes the issue of the need for Governments to focus on ensuring youth and new graduate employment as a high priority item on their respective agendas. The problem is a circular one, and one not easily addressed or resolved. That said young people are the future. Without ensuring a business climate where they can gain meaningful and productive employment, economies face obvious and large problems going forward. From my point of view, I am not seeing enough written and debated on this issue.

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