Work till death do us part
The new mantra, to work for as long as one is able, no retirement age, will take the Singapore employment scene by storm, that is, if it is implemented. And this is very likely so as the advocate is none other than LKY himself. What does this simple change in employment policy means? Colossal! We will have more ancients staying in politics and govt till the end of time. Legislation will have to be changed. CPF will be obsolete. Lifestyle will change as 60 will now be the prime of one’s life and 20 to 30 years more to go. The young managers, in their 30s and 40s will have to make way or wait long long. The oldies will be making a comeback. And we may not need a 6.5 million population after all. If everyone is employable and working, the workforce will not shrink so dramatically. And it really makes sense to our 25 to 30 year education system. Such a long education will be a complete waste of resources if the graduants only can work for 20 or 30 years. Now, with no retirement age, the productive years could be extended to 50 or 60 years. I am all for it. Anyone want to employ me? Can take another 30 year mortgage! Wow, HDB flats repayable in 60 years, … cheap, cheap, cheap.