{"id":17952,"date":"2012-10-29T08:00:33","date_gmt":"2012-10-29T08:00:33","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=17952"},"modified":"2012-10-29T07:59:40","modified_gmt":"2012-10-29T07:59:40","slug":"have-we-got-a-new-demographic-of-work-as-people-cantt-afford-to-retire","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/10\/29\/have-we-got-a-new-demographic-of-work-as-people-cantt-afford-to-retire\/","title":{"rendered":"Have we got a new demographic of work as people cant&#8217;t afford to retire?"},"content":{"rendered":"<p> I noticed this tweet this morning from the Wall Street Journal:<\/p>\n<blockquote>\n<p>More Americans are postponing retirement. 30% of middle-class workers plan to work until their 80s. http:\/\/t.co\/bv1yfam9<\/p>\n<\/blockquote>\n<p>Now it so happens that my current planned retirement age is 84, but that&#39;s just because I&#39;ve been setting it thirty years hence for some time now - and simply because I enjoy work too much to give it up - but this is something quite different. This is people working because they have no choice.<\/p>\n<p>Bet let&#39;s be realistic about what that means. Such behaviour demands many more jobs in the economy, and many of them will have low prodictivity. That&#39;s a fact as we get older. That changes the nature of work, and who does it.<\/p>\n<p>Now, hang on a minute: aren&#39;t we currently seeing more, lower productivity jobs in the UK but without much impact on  youth employment? Is this what is happening already in the UK? Are we seeing a new demographic of work?<\/p>\n<p>If so this needs some rapid rethinking of what full employment is, for starters, and how we create and pay for this work next. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I noticed this tweet this morning from the Wall Street Journal: More Americans are postponing retirement. 30% of middle-class workers plan to work until their<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/10\/29\/have-we-got-a-new-demographic-of-work-as-people-cantt-afford-to-retire\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-17952","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=17952"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=17952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=17952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=17952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}