Some countries allow old people to work to any age that they want. Do the advantages outweigh the disadvantages?

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Regardless of
age
, some countries allow older individuals to
work
in both the private and government sectors. I contend that
while
enabling older generations to
work
offers significant opportunities for knowledge transfer between older and younger professionals, there are
also
some drawbacks. First and foremost, certain individuals who are over the retirement
age
still refuse to settle at home.
Instead
, they display an aspiration to
work
for many years to come at certain jobs. Some of these people are equipped with tremendous experience and background knowledge in specific works which sometimes brings about revolutionizing solutions targeted towards overcoming the most intricate problems encountered at their organizations.
Consequently
,
such
magical touches result in revenue surplus, cost savings and efficiency increases in the workplace. Another obvious advantage of letting senior employees
work
stems from their existing economic situation and the difficulties that they are enduring. Unfortunately, either to support their families or the worsening life circumstances compel the members of the old generation to keep working
although
they have already passed the retirement
age
threshold. By giving these people an opportunity to
work
, they will be able to help their families set up better living conditions
as well as
s seek a feeling of gratification in the sacrifice that they have made for their loved ones to combat poverty.
On the other hand
, from the sustainability of the workforce standpoint, by not regulating the working
age
limit in workplaces, countries are
also
creating a big gap in the employment rate between old and young generations.
For example
, in Japan, there is no mandatory retirement
age
in the general workforce,
thus
, allowing the ageing population to
work
for an unconditional time period,
further
widening
this
employment gap.
Therefore
, a number of young talents with more energy and passion remain unemployed
due to
the shortage of
work
in the labour market, disrupting the market dynamics and causing inefficiency. In conclusion, whilst having no working
age
limit imposed on the ageing population is utterly important and beneficial to the society and country, some countries record negative results in the downward employment rates in younger working groups. Bearing in mind all the aforementioned reasons, I think the advantages of
this
trend outweigh its demerits.
Submitted by orkhanshamil on

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