Thursday, November 18, 2004
From news.telegraph:
The official retirement age in the city-state is 62, but Lee Kuan Yew, Singapore's founding father, said he was working on a scheme to allow workers to remain in employment. However, because their strength and energy would be less, the pay would be lower.
Mere mortals like us find it hard to comprehend where he's coming from, other than trying to squeeze every bit of economic worth out of an ageing population. Just because people now live longer (on statistical average), doesn't necessarily equate to retaining them in the workforce. I'm sure there's been quite abit of heated coffeeshop chatter over the issue and how Lee just refuses to fade away from policy-making fronts. No prizes for guessing correctly who would rise from the dead in x years to come.
The official retirement age in the city-state is 62, but Lee Kuan Yew, Singapore's founding father, said he was working on a scheme to allow workers to remain in employment. However, because their strength and energy would be less, the pay would be lower.
Mere mortals like us find it hard to comprehend where he's coming from, other than trying to squeeze every bit of economic worth out of an ageing population. Just because people now live longer (on statistical average), doesn't necessarily equate to retaining them in the workforce. I'm sure there's been quite abit of heated coffeeshop chatter over the issue and how Lee just refuses to fade away from policy-making fronts. No prizes for guessing correctly who would rise from the dead in x years to come.
