In many countries today the retirement age from work has been raised. Do the advantages of raising the retirement age outweigh the disadvantages?

In contemporary society, it has become increasingly prevalent for nations worldwide to elevate the

retirement

age

as a means of alleviating economic burdens.

However

, it is my contention that the detriments of worker dissatisfaction and increased

unemployment

far outweigh the purported advantages. To commence, it is imperative to recognize the profound impact of extended working years on employee morale. Many individuals have devoted the majority of their lives to their professions, sacrificing precious time with their families. Should authorities mandate an extension of the working period, familial bonds would inevitably suffer, leading to widespread discontentment among citizens.

For instance

, in 2023, France witnessed widespread protests and violent riots in response to proposed increases in the

retirement

age

, highlighting the deep-seated discontent among workers.

Conversely

, proponents argue that raising the

retirement

age

is a necessary measure to address the strain on public finances. With advancements in healthcare leading to increased lifespans, retirees now draw upon pension funds for longer periods, placing a significant burden on governments.

However

, it must be noted that these retirees have contributed substantially to the nation's economy during their working years, mitigating the purported economic strain.

For instance

, Vietnam has maintained its

retirement

age

, recognizing the pivotal role of older generations in building a sustainable economy.

Moreover

, an increase in the

retirement

age

can exacerbate

unemployment

rates, particularly among older workers.

Age

-related health issues often limit the productivity of older employees, rendering them less competitive in the job market.

Consequently

, they may be forced out of the workforce, only to be replaced by younger, more agile counterparts.

This

phenomenon not only contributes to

unemployment

but

also

perpetuates

age

discrimination in the

labor

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labour

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market. In conclusion,

while

proponents argue that raising the

retirement

age

offers economic benefits, the adverse effects on worker well-being and

unemployment

are undeniable.

This

essay has elucidated the multifaceted implications of extending

retirement

age

, underscoring the need for a balanced approach to address economic challenges

while

safeguarding the welfare of the workforce.