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Why does raising the retirement age hurt young people?
Governments worldwide are trying to shore up pension systems by pushing back retirement ages. But cost-saving measures has a lot to do with gutting the future tax base, as well
It accounts for why there are fewer management positions available and why career advancement has become so difficult, why wage growth has been disappointing despite low unemployment, and showcases a significant blind spot in Social Security policy modeling. The Office of the Chief Scientist (OCS) administered this system with strict conditions: "all products emerging out of OCS-funded projects must be manufactured exclusively in Israel, and the IP created during the R&D stage must not be transferred beyond the state's borders." We need industrial policy that creates genuine companies with career ladders, not startups designed for quick exits.For workers (white and blue collar) under 40, this helps determines whether you'll afford a house, start a family, or retire with dignity.
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