Denmark is set to have the highest retirement age in Europe after its parliament adopted a law raising it to 70 by 2040.
The retirement age at 70 will apply to all people born after 31 December 1970.
Denmark is set to have the highest retirement age in Europe after its parliament adopted a law raising it to 70 by 2040.
The retirement age at 70 will apply to all people born after 31 December 1970.
What a depressing law. Progress should mean less mandatory work, not more.
It is also stupid because life expectancy is not equivalent to life quality.
Just because people live to 90 now instead of 80 doesn’t mean they can actually do anything significant for those 10 years, they could be bed ridden or house bound and kept alive only because they are taking 30 pills a day. It isn’t living, it’s staying alive. Retirement shouldn’t be tied to that.
capitalists gonna capitalist.
Denmark has the best labor laws in the world.
From what I have heard from other Swedish people working in Denmark, it’s much easier to get fired there compared to in Sweden.
They also invented capitalism. So, you know…
Edit: I was wrong, thinking of the Dutch, not the Danes.
I… Think that’s the UK you’re thinking about.
Capitalism’s been around in various forms for a while, but the rise of specific types of capitalism are attributed to specific countries and their influence. The Dutch East India trading company was the first to establish what we know as “Finance Capitalism”, which was out of Commercial Capitalism. This is largely what the Dutch are still using today. A form of Capitalism that can also contribute towards socialism, but not in the way a Marxist government would.
It is one of the earliest forms of Capitalism that’s still alive today.
https://en.wikipedia.org/wiki/Capitalism#Finance and https://en.wikipedia.org/wiki/Finance_capitalism
Sure, but what the hell does that have to do with Denmark? The Dutch live in the Netherlands - totally different culture, language, history. I don’t think we Danes have invented ANY novel form of financial instrument or financial system.
You’re right, I was thinking the Dutch, not the Danes. My bad completely.
No problem, it’s a common misconception👌 have a nice day!
Ancient Mesopotamian: “am I a joke to you?”
I can’t hear you over the sound of your shitty copper, Ea-Nasir!
what of that time was capitalism?
well the coins weren’t, but the people were cheating each other with paid goods of subpat quality
that’s not so much capitalism as it is just being human. 😂
I hear a bloke named Ea-Nasir invented enshittification
At the moment progress is desperately trying to keep up with rapidly increasing life expectancy among the world’s poorest, that’s not a bad thing but that’s also why we’re seeing so much progress but we’re not seeing the benefits much, in the developed world our life expectancy increased long ago and the result of all that progress has mostly normalized in our society and expectations, but we make up a very small percentage of the world’s actual population. Now that it’s their turn, there’s a lot of people who aren’t dying like they used to and as a result they don’t just want food, they want lights and electricity and running water and roads and cars and phones and houses and opportunities, and on the whole we want to give them access to those things and bring them out of poverty but it’s just a lot to do in only a few generations. Demographics get really wild when you start to understand their relationships to larger scale things like economics and world population, and these kind of demographic changes have serious consequences when applied across literally billions of people. It gets less depressing if you make a point of appreciating the very real progress that has been made to billions of peoples lives around the world. Yeah there’s a lot of bad stuff going on, but we seem to prefer to talk about that and the actual, measurable good stuff doesn’t get much acknowledgement.
Based on projections from demographics, most of the countries in the world should be in really good shape in about 50 years, population growth should level off, and we should be able to share the benefits of progress worldwide. At least if civilization hasn’t collapsed into a new dark age, and we haven’t turned the planet into an oven, nuked each other out of existence, written the Earth off and fucked off to Mars, or found some other creative way to destroy ourselves by then. So at least there’s like a 0.1% things will work out alright.
I’m not sure how the demographic transition in developing countries relates to retirement age in rich countries.
Like I said, it’s complicated, but to get a good sense of how the global economy has shifted, you only have to look at the explosive growth of the middle class in Asian economies, their steadily increasing life expectancies, and their growing importance to the west as trade partners (It’s not just China and Taiwan despite the political rhetoric surrounding both).
That middle class growth is coming from money we in developed countries are spending every day, and have been spending for decades. We depend on Asian countries like Malaysia, Indonesia, Philippines, Vietnam especially significantly for technology and certain foods, but also for more mundane and often forgotten things like clothes and housewares and medicine. Thailand is one of the world’s largest net exporters of pet food. We don’t think of the things we use every day that come from other countries, but the fact is most of them do, and many of them we would not be pleased to have to accept any substitute or disruption for.
Agreed. Also wondering what companies are employing people that long? In other European countries, companies wont hire people 50+ cause they are deemed too old, inflexible and expensive. I really wonder, if companies in Denmark are different in that regard.