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Re:BioNTech alone could lift German economy by 0.5% this year by jdavis703 on Tuesday August 10, 2021 @11:48AM (#28130299)
We should be increasing the retirement age for public pensions as quality-adjusted life years increase. Unfortunately people don’t want to spend extra years working, or contribute more to pensions during their working years, so we wind up in this unsustainable system.
Re:BioNTech alone could lift German economy by 0.5% this year by siscia on Tuesday August 10, 2021 @01:56PM (#28132014)
I don't think we should increase age for public pension.

Life is made to be lived, not for working.

We should increase taxes income by making everybody pay their fair share, and these include multinational corporations, and implement some sort of UBI. Where people can have a decent life without being forced to work if it is not a choice.

Re:BioNTech alone could lift German economy by 0.5% this year by danuker on Tuesday August 10, 2021 @06:13PM (#28135371)
> Life is made to be lived, not for working.

> Where people can have a decent life without being forced to work if it is not a choice.

Who will choose to work rather than get something for free?

I'll tell you: the same people who would pay taxes if it were not mandated by the threat of jail - that is, people who contribute to charity.

That is typically less than 1% of earnings.

https://en.wikipedia.org/wiki/List_of_countries_by_charitabl...

I believe very few people will choose to work, and therefore "decent lives" for the masses can not be maintained with this little work.

Re:BioNTech alone could lift German economy by 0.5% this year by friedman23 on Tuesday August 10, 2021 @02:10PM (#28132178)
>pay their fair share

Define fair share, it's not clear to me what that is.

Re:BioNTech alone could lift German economy by 0.5% this year by siscia on Tuesday August 10, 2021 @02:26PM (#28132385)
At the very least the same percentage that a small business, less than 50 employees, pays in taxes.
Re:BioNTech alone could lift German economy by 0.5% this year by friedman23 on Tuesday August 10, 2021 @02:27PM (#28132405)
There has to be more to it than that. You haven't even argued why this is fair by the way. "Fair share" is an emotionally charged political slogan that means something different to everyone. Probably why it's used by so many politicians.
Re:BioNTech alone could lift German economy by 0.5% this year by siscia on Tuesday August 10, 2021 @02:41PM (#28132558)
I don't have to convince you.

That it is my opinion, and you can discard it.

But I believe that if we tax small business a certain amount, big corporations should pay, at the very least, the same amount.

Again, it is not a scientific argument, it is a political one, and honestly I don't want to be dragged in a technical discussion about taxation.

Re:BioNTech alone could lift German economy by 0.5% this year by friedman23 on Tuesday August 10, 2021 @02:55PM (#28132730)
You say political, I say emotional.
Re:BioNTech alone could lift German economy by 0.5% this year by gsk22 on Tuesday August 10, 2021 @03:01PM (#28132805)
And I suppose your political views are based purely on reason and logic?

Of course emotions are involved. That isn't inherently bad.

Re:BioNTech alone could lift German economy by 0.5% this year by friedman23 on Tuesday August 10, 2021 @05:48PM (#28135097)
>And I suppose your political views are based purely on reason and logic?

Yes actually. And I definitely don't try to couch my political views in moral stupidity like "fairness" which you are not even capable of explaining.

>Of course emotions are involved. That isn't inherently bad.

Of course it's not inherently bad. It's definitely bad when you can't even explain your position coherently but feel strongly enough about it to get into heated arguments.

Re:BioNTech alone could lift German economy by 0.5% this year by gsk22 on Wednesday August 11, 2021 @05:41PM (#28148181)
It's delusional to believe you can form political beliefs without emotion coloring the decision in any way. In fact, a rational, logical being would be well aware of how emotions guide our behavior at a subconscious level, and that we can never be totally free from emotion-based decision-making.

That doesn't mean we've slaves to our emotions, or must make irrational decisions based on our whims.

But it is a foolish thing to say you are 100% free of emotions in your views, especially when that incorrect view is wielded as a cudgel against opposing viewpoints (which we apparently aren't even "capable of explaining").

Re:BioNTech alone could lift German economy by 0.5% this year by friedman23 on Thursday August 12, 2021 @12:47AM (#28152066)
> But it is a foolish thing to say you are 100% free of emotions in your views

No it's not. You just make all these statements that are baseless. I can say my political beliefs are based on rationality because my political beliefs are simple.

I never said my views are free from emotion. I said my views are 100% based on reason. I vote in my direct self interest, my values are based on my self interest, my goals are to advance my self interest.

Re:BioNTech alone could lift German economy by 0.5% this year by labawi on Thursday August 12, 2021 @01:15PM (#28158898)
I wonder whether you interact with other people, and if you do, what's in your self interest WRT their material and emotional state, free time etc, and then their that of their contacts, etc.

E.g. Is it in your self-interest, that people live in a system where 1/300 are toiling away till they can't, so a guy can sit on a rocket? Is it an incredibly simple answer?

Re:BioNTech alone could lift German economy by 0.5% this year by da_big_ghey on Tuesday August 10, 2021 @02:40PM (#28132548)
when i go with a friend to get pizza and we each eat half pizza, we each pay one half bill, fair share. why then have we seen some concept of "fair share" in tax change to fit budget needs? "fair share" is fixed amount but i hear no fixed amount proposed.
Re:BioNTech alone could lift German economy by 0.5% this year by ssully on Tuesday August 10, 2021 @02:49PM (#28132637)
I mean if my friend is Jeff Bezos or Rhianna, I might be a little surprised if they suggest we split the bill.
Re:BioNTech alone could lift German economy by 0.5% this year by da_big_ghey on Tuesday August 10, 2021 @10:18PM (#28137185)
Then here we have core difference: I would have no such suprise. I think there is some fundamental difference in our understandings of fairness.
Re:BioNTech alone could lift German economy by 0.5% this year by krapp on Tuesday August 10, 2021 @02:49PM (#28132650)
If it was Jeff Bezos, I wouldn't be surprised.
Re:BioNTech alone could lift German economy by 0.5% this year by dzhiurgis on Tuesday August 10, 2021 @08:56PM (#28136683)
Because in public services everyone is worse off if someone doesn't get a good care - the pizza is infinite.

The whole point of taxes is solidarity. If you don't understand basic principles of being civil then good luck in your life.

Re:BioNTech alone could lift German economy by 0.5% this year by da_big_ghey on Wednesday August 11, 2021 @12:25PM (#28144082)
Then you make a new contention that you want more money past a "fair share" because you have the policy goal. Fairness has not its definition set by government budget needs. What mean you here with "solidarity"? What has this to do with "civility" or its lacking?
Re:BioNTech alone could lift German economy by 0.5% this year by mensetmanusman on Tuesday August 10, 2021 @12:25PM (#28130792)
This will be challenging since the epidemic of obesity (which kills far more than covid) now effects > 50% of society and leads to disability at younger and younger ages.
Re:BioNTech alone could lift German economy by 0.5% this year by nradov on Tuesday August 10, 2021 @12:38PM (#28130974)
Obesity is a critical risk factor for COVID-19. And obesity also increases the risk of diabetes, hypertension, heart disease, and hypovitaminosis D which are all co-morbid conditions that further increase COVID-19 risk.

https://www.cdc.gov/mmwr/volumes/70/wr/mm7010e4.htm

Re:BioNTech alone could lift German economy by 0.5% this year by foolinaround on Tuesday August 10, 2021 @01:05PM (#28131341)
if obesity was tackled with the same intensity as covid, we would have seen far better outcomes...

but too many financial hurdles in its way...

Re:BioNTech alone could lift German economy by 0.5% this year by croes on Tuesday August 10, 2021 @01:25PM (#28131637)
But I don't get a heart attack if you're obese.
Re:BioNTech alone could lift German economy by 0.5% this year by sjwalter on Tuesday August 10, 2021 @01:35PM (#28131763)
But if you're under 60 and yourself fit and healthy, you'd probably not even notice if you caught covid and recovered. Everyone getting fitter is a huge collective win. Even outside the context of a pandemic--fat people have a hugely disproportional impact on national healthcare spend. All of our insurance would get cheaper and cheaper if we reduced the national BMI.
Re:BioNTech alone could lift German economy by 0.5% this year by croes on Tuesday August 10, 2021 @02:25PM (#28132373)
You still can get damages in heart, kidney and lungs from corona, even if you are asymptomatic and didn't feel anything. The first cases were reported from italian divers you can't work in their job anymore because of lung damages.

And the costs wouldn't really get lower, you just change the illness. If you are healthier, you live longer and your final illness most probably will be cancer. Expensive long te treatment. Obese people die faster and cheaper.

Re:BioNTech alone could lift German economy by 0.5% this year by da_big_ghey on Tuesday August 10, 2021 @02:43PM (#28132582)
Organ damage is definitionally symptom for a disease.
Re:BioNTech alone could lift German economy by 0.5% this year by mensetmanusman on Tuesday August 10, 2021 @01:46PM (#28131889)
And, if you do get a heart attack, which happened to my very fit professor when he died right before finals, you might not have the specialists available immediately for care because they are crunched for time dealing with a health crisis (obesity has made COVID much worse for example).
Re:BioNTech alone could lift German economy by 0.5% this year by da_big_ghey on Tuesday August 10, 2021 @02:43PM (#28132576)
Maybe I am now paying for your health care heart attack? Costing me more, so I have some interest in weight of other people now. Maybe I am getting more financial trouble, which cause stress, which linked to heart disease: https://www.nih.gov/news-events/nih-research-matters/stress-...
Re:BioNTech alone could lift German economy by 0.5% this year by croes on Wednesday August 11, 2021 @09:56AM (#28142012)
I think cancer treatment is more expensive. Heart attacks have a pretty death rate.
Re:BioNTech alone could lift German economy by 0.5% this year by foolinaround on Tuesday August 10, 2021 @05:49PM (#28135105)
But you get a fatter bill because of the obese population due to the way health care and insurance is structured.

this means, in the current world, you get to fat-shame the obese people, have color coded id cards based on their BMI, have them off flights etc till they prove that they ran on their treadmill today...

Re:BioNTech alone could lift German economy by 0.5% this year by munk-a on Tuesday August 10, 2021 @02:04PM (#28132119)
The financial hurdles do exist - but it is mostly the political lobbying that prevents a real attack on obesity in the US. Sugar is big business and, by extension, obesity greases a lot of people's palms.

The US could take a serious look at addressing massive over consumption - but the last serious take on that was the sugary drink ban in NYC and that turned into a "you'll pry my big gulp from my cold dead hands" affair pretty quickly. The US is in too deep celebrating the exploitation of the health of their populace to turn things around - but other countries might have a chance.

Re:BioNTech alone could lift German economy by 0.5% this year by vkou on Tuesday August 10, 2021 @01:13PM (#28131468)
If obesity could be prevented with a $20 shot twice a year, I don't think it would be much of a public health problem.
Re:BioNTech alone could lift German economy by 0.5% this year by jdavis703 on Tuesday August 10, 2021 @01:31PM (#28131722)
Is this sarcasm? The US has free vaccine shots and free masks (most chain stores hand them out for free), and people still won’t use them.
Re:BioNTech alone could lift German economy by 0.5% this year by thepangolino on Tuesday August 10, 2021 @04:12PM (#28133729)
Covid is hardly a benchmark for lethality. Since the official start of the COVID-19 pandemic, more people have died of diarrhoea. (comparing official numbers for both)
Re:BioNTech alone could lift German economy by 0.5% this year by dragonwriter on Tuesday August 10, 2021 @04:32PM (#28134040)
Diarrhea isn't comparable to COVID, as it is a symptom of numerous other causes (both infectious agents and otherwise) not a single infectious agent.
Re:BioNTech alone could lift German economy by 0.5% this year by nradov on Tuesday August 10, 2021 @12:34PM (#28130906)
Working an office job when you're 67 isn't too bad. But most people who've spent their whole lives doing manual labor are worn out and broken by that age.
Re:BioNTech alone could lift German economy by 0.5% this year by jacquesm on Tuesday August 10, 2021 @12:51PM (#28131124)
And likely much earlier than that. They might not even live to their pension date.
Re:BioNTech alone could lift German economy by 0.5% this year by onlyrealcuzzo on Tuesday August 10, 2021 @12:57PM (#28131205)
If there is actually productivity growth (which I strongly believe there is) - then this can be shared between 4 groups - the workers, the non-workers, the retired, and the capitalists.

I think most workers would like to see 100% of these gains go to workers. I think most shareholders would like to see 100% of the gains go to them. I think it'd be fair to share these evenly - and so higher taxes could make it so that the non-workers and retirees get some of the benefits of productivity increases.

Re:BioNTech alone could lift German economy by 0.5% this year by Someone on Tuesday August 10, 2021 @01:25PM (#28131642)
Many countries already (plan to) do that. https://www.oecd-ilibrary.org/sites/a05b71b5-en/index.html?i...:

“The normal retirement age of men will increase in 20 out of 36 OECD countries by an average of 3.5 years based on current legislation. The highest increase is projected for Turkey, from 51 currently to 62 years. Assuming that legislated life expectancy links are applied, also Denmark, from 65 to 74 years, and Estonia, from 63.3 to 71 years, will rapidly raise the retirement age.“

Re:BioNTech alone could lift German economy by 0.5% this year by raxxorrax on Wednesday August 11, 2021 @06:10AM (#28140181)
Life expectancy maybe increased a few months, but it is extremely bad science that you can just increase pension in consequence. The age is rising because fewer people die prematurely because of better medicine. Doesn't mean people can now work until a later age, they will suffer the exact same health problems.

You can bet that some parts of life even became more unhealthy. I don't expect to live longer than my grandparents that were children in WW2.

Re:BioNTech alone could lift German economy by 0.5% this year by croes on Tuesday August 10, 2021 @01:24PM (#28131616)
Just because some don't work physically demanding jobs doesn't mean you can raise the retirement age for everyone. Even so, many hardly reach retirement age in good health. Before that, it would be better to ensure that all incomes and all gainfully employed persons are taken into account for the pension fund and that such pointless things as a contribution assessment ceiling are eliminated. Then the contribution could even decrease.
Re:BioNTech alone could lift German economy by 0.5% this year by dv_dt on Tuesday August 10, 2021 @01:16PM (#28131507)
Why? As productivity increases, shouldn’t some be allocated to leisure?
Re:BioNTech alone could lift German economy by 0.5% this year by hiddencache on Tuesday August 10, 2021 @01:23PM (#28131614)
Any gains are generally directed towards chasing status. Rather than being allocated towards leisure activities, they end up being used to push up property prices and the profits of luxury goods companies.
Re:BioNTech alone could lift German economy by 0.5% this year by munk-a on Tuesday August 10, 2021 @02:08PM (#28132159)
I guess this might be the case in America but seriously? Economic gains up here in Canada tend to either go into reinvestment or leisure since life is your thing and having a fancier car than your neighbor is silly. I think that due to limits on the supply of leisure goods you will find that your second sentence is accurate - but I think that's due to the increased demand of leisure, not due to the increased demand of status (outside of a small portion of the population).
Re:BioNTech alone could lift German economy by 0.5% this year by refurb on Tuesday August 10, 2021 @04:42PM (#28134203)
No. Housing prices are even higher in Canada than the US, despite lower wages. Canadians are funneling almost every dollar into housing.
Re:BioNTech alone could lift German economy by 0.5% this year by carlhjerpe on Tuesday August 10, 2021 @05:42PM (#28135016)
This is sad but I feel probably true in some sense.
Re:BioNTech alone could lift German economy by 0.5% this year by HPsquared on Tuesday August 10, 2021 @01:32PM (#28131733)
Leisure itself is a marker of status.
Re:BioNTech alone could lift German economy by 0.5% this year by hiddencache on Tuesday August 10, 2021 @02:26PM (#28132387)
If only... I think generally the people who have achieved the means to enjoy leisure time are the people who are driven by ambition to keep attaining higher status. It takes someone with the ability to step back and assess what's important in life.
Re:BioNTech alone could lift German economy by 0.5% this year by dv_dt on Tuesday August 10, 2021 @01:41PM (#28131824)
the link proposed is not not clear to me. Wouldn’t requiring people retire later keep them in jobs near the end of their career, giving them even more money to “push up prices”?
Re:BioNTech alone could lift German economy by 0.5% this year by 7ewis on Tuesday August 10, 2021 @01:36PM (#28131780)
Probably massively oversimplifying things here, but why does the government have to provide us pensions anyway?

Can't they just reduce the tax we pay and instead state that everyone is responsible for their own pensions, so if you save up enough you don't have to work longer...

Re:BioNTech alone could lift German economy by 0.5% this year by dtech on Tuesday August 10, 2021 @01:45PM (#28131875)
Because people generally cannot work anymore at a certain age, and most western countries do not think it is acceptable to let elderly people starve, even if they could have taken decisions to prevent that.

Because you cannot expect all of the population to individually make wise financial decisions spanning multiple decades well past the years they can even generate income if they wanted. A lot of people already have problems budgeting for next month.

Because spreading out the "risk" of living much longer than you anticipated prevents destitute 95 year olds.

Re:BioNTech alone could lift German economy by 0.5% this year by da_big_ghey on Tuesday August 10, 2021 @02:47PM (#28132617)
If I make dollars, I am trading time for money, some part from my life. I am never regain these years I spend earning. Now some other person is saying hunger from no good financial decision, means I now must give some of my dollars (years)? No, these policys are taking part of my life. I will give charity if such is my choosing but no government can take some from my life for sustaining of others.
Re:BioNTech alone could lift German economy by 0.5% this year by krastanov on Tuesday August 10, 2021 @01:40PM (#28131814)
Because then too many people will not actually prepare their own pension. And sure, that is on them for being irresponsible stupid young people (i.e. young people), but then it becomes a societal / national problem when every old person is destitute, straining all other systems in the country. If I, selfishly, do not want to be surrounded by destitute old people that lower my quality of life, I have to ensure that there is some (national) system that ensures these people prepare a pension for themselves.

Also, on the more utopic/hippy views, it is just nice to help others, so why not institutionalize/codify helping others.

Re:BioNTech alone could lift German economy by 0.5% this year by neilparikh on Tuesday August 10, 2021 @02:02PM (#28132096)
> Because then too many people will not actually prepare their own pension.

It is worth noting that if your goal is just to handle the people who didn't make wise decisions when young, the current system does more than needed, and there's a much better way to accomplish that. You can simply force people to save n% in a retirement savings account, managed by the government; ie. take the current system, but keep everyone's money separate rather than merging it into a common pool. This is how Singapore's Central Provident Fund works.

The current system really solves 2 problems: people who choose not to save enough, and people who didn't earn enough to save enough. You can solve the 2 separately: the first with the solution mentioned above, and the second with something like a negative income tax.

Now, the problem with separating the 2 is that there may not be enough political will for the second system, because it makes it obvious that the amount you receive in retirement is not in proportion with what you contributed. That's the case now too, but it's obscured by the structure of the program.

Re:BioNTech alone could lift German economy by 0.5% this year by munk-a on Tuesday August 10, 2021 @01:53PM (#28131985)
Because economics be a cruel mistress that leaves a lot of people in permanent financial distress and working people into the grave because they still haven't saved up sufficiently is incredibly dismal and depressing. Pension related taxes exist to both ensure that everyone acts responsibly and to redistribute the wealth created over our lifetimes to ensure that everyone gets a chance at a pleasant retirement.

Life is about happiness - it isn't about work.

Re:BioNTech alone could lift German economy by 0.5% this year by redwood on Tuesday August 10, 2021 @06:48PM (#28135747)
Then what happens to the people who choose not to invest in their pension? Are we comfortable allowing these elderly people to live on the streets?
Re:BioNTech alone could lift German economy by 0.5% this year by Traubenfuchs on Tuesday August 10, 2021 @11:51AM (#28130340)
> don't want to spend extra years working

How many 60+ people do you know? Do you honestly think they should still be working?

Re:BioNTech alone could lift German economy by 0.5% this year by silasdavis on Tuesday August 10, 2021 @11:59AM (#28130451)
I know many people in their sixties who choose and want to work, including my parents. They are lucky in being able to choose to work at a reduced level and not out of absolute necessity so that changes the implications, but they do not want to retire completely.

It's not clear that retirement is particularly healthy, longevity wise.

Re:BioNTech alone could lift German economy by 0.5% this year by BobbyJo on Tuesday August 10, 2021 @12:15PM (#28130668)
My grandpa is 89 and refuses not to work. He thinks he'll fall apart once he does.
Re:BioNTech alone could lift German economy by 0.5% this year by Dave_TRS on Tuesday August 10, 2021 @12:37PM (#28130966)
My grandpa is 94 and still enjoys working. Drives to Home Depot every day to pick up supplies for our family company, and other errands around the city. His view is that he enjoys it and helps him stay active.
Re:BioNTech alone could lift German economy by 0.5% this year by BossingAround on Tuesday August 10, 2021 @02:34PM (#28132472)
> It's not clear that retirement is particularly healthy, longevity wise.

You're essentially saying that not working may not be healthy. That's one of the strangest things I've read today.

You may not view it as "not particularly healthy" because of the frame of reference, not because of "a fact" that not working is unhealthy.

If people "retired" at the age of 25, could you reasonably argue that we'd have an unhealthy population?

Re:BioNTech alone could lift German economy by 0.5% this year by Daishiman on Tuesday August 10, 2021 @03:13PM (#28132947)
> You're essentially saying that not working may not be healthy. That's one of the strangest things I've read today.

But it is true. An internal study at a megacorp I worked at showed that people who didn't retire ended up living longer.

It makes a ton of sense. Intellectual work keeps your mind stimulated and your body moving. Inaction ends up killing old people.

Re:BioNTech alone could lift German economy by 0.5% this year by krapp on Tuesday August 10, 2021 @03:21PM (#28133021)
If anything that proves inactivity is unhealthy, not a life without work.

Not all activity has to be done in the service of providing value to a corporation. You can retire and take up fishing or rock climbing, play chess, write a book.

This idea that we've been conditioned to, that the only valid life is the life we trade for money, is insidious.

Re:BioNTech alone could lift German economy by 0.5% this year by BossingAround on Wednesday August 11, 2021 @02:43AM (#28138832)
> Intellectual work keeps your mind stimulated and your body moving. Inaction ends up killing old people.

Nobody argues with this. But thinking that paid work is the only source of mind stimulation and body movement is just silly.

Re:BioNTech alone could lift German economy by 0.5% this year by foolinaround on Tuesday August 10, 2021 @01:08PM (#28131384)
could it be explained as a generational gap?

that generation tied a lot of value to the ability to work.

the current generation looks for all possibilities to not work.

Re:BioNTech alone could lift German economy by 0.5% this year by munk-a on Tuesday August 10, 2021 @01:56PM (#28132017)
If the current generation is looking for all possibilities to not work they're sure doing a crap job at it - the number of people working multiple jobs has shot up... Or did you mean that stereotypical millennials are lazy and thus all young people are lazy?
Re:BioNTech alone could lift German economy by 0.5% this year by foolinaround on Tuesday August 10, 2021 @05:54PM (#28135172)
the people working multiple jobs is due to how the jobs have gotten 'securitized' - people have become specialists in low skill jobs, leading to no growth at all.

A person who is a Uber driver and a dog sitter is unable to display much skill addition after years on these jobs.

i can only quote anecdotal data about the attitude to work among generations. On the other hand, because of the changing nature of the work, it is completely understandable.

Re:BioNTech alone could lift German economy by 0.5% this year by BossingAround on Tuesday August 10, 2021 @02:36PM (#28132493)
> the current generation looks for all possibilities to not work.

You're getting downvoted for this statement, which is utterly ridiculous.

From what I see around me, the current generations work as much, if not way more, than previous generations (such as boomers).

Re:BioNTech alone could lift German economy by 0.5% this year by foolinaround on Tuesday August 10, 2021 @05:50PM (#28135127)
i differentiated between between people working and people wanting to work.

it is also true that if a generation is chronically overworked, they will not be interested at all in working till their death.

Re:BioNTech alone could lift German economy by 0.5% this year by jazzkingrt on Tuesday August 10, 2021 @11:57AM (#28130434)
Both my parents are 60+, my father is in his mid seventies, and they are as productive as ever.
Re:BioNTech alone could lift German economy by 0.5% this year by smcl on Tuesday August 10, 2021 @12:03PM (#28130509)
Congratulations to them. My dad has worked manual labour since he left school aged 15 - first as a shipbuilder and then in the oil industry. My mum retired from teaching a year ago then developed lymphoma.

Both of these people are in their 60s and have earned their retirement - we need not extract any more "productivity" from them. Leave them be.

Re:BioNTech alone could lift German economy by 0.5% this year by hobofan on Tuesday August 10, 2021 @12:12PM (#28130627)
So instead we should extract a few more percent of productivity out of everybody who is pre-retirement age for every additional year of life expectancy?
Re:BioNTech alone could lift German economy by 0.5% this year by thatcat on Tuesday August 10, 2021 @12:28PM (#28130828)
The alternative seems to be keeping the young under employed
Re:BioNTech alone could lift German economy by 0.5% this year by nradov on Tuesday August 10, 2021 @12:46PM (#28131084)
Are you referring to the "lump of labor" fallacy?

https://www.stlouisfed.org/open-vault/2021/january/refuting-...

Re:BioNTech alone could lift German economy by 0.5% this year by thatcat on Thursday August 12, 2021 @10:25PM (#28164628)
No, that refers to job openings across industries, specifically mentions agriculture jobs declining as other industries grow. Look at the median age of say politicians or tenured professors to see what I'm talking about.
Re:BioNTech alone could lift German economy by 0.5% this year by kiba on Tuesday August 10, 2021 @12:07PM (#28130564)
We don't need to extract more productivity, sure, but it would lead to decreased medical costs.
Re:BioNTech alone could lift German economy by 0.5% this year by ben_w on Tuesday August 10, 2021 @12:09PM (#28130586)
Current 60 year olds aren’t relevant to the hypothetical of “what if we cure more stuff?”, rather “what will 60 year olds be like if we cure more stuff?”
Re:BioNTech alone could lift German economy by 0.5% this year by Daishiman on Tuesday August 10, 2021 @03:12PM (#28132927)
Hell yes.

My parents are in their mid-60s. They are both full of energy, in great health, and very productive. As a teacher he's not allowed to work past 65, even when the classes he teaches have no suitable replacements.

We should differentiate between blue-collar and white-collar work in retirement age. I would never wish someone who's worked in a factory or doing manual labor to keep on working. But if you've been sitting in an air-conditioned office all your life there's still plenty to go.

Re:BioNTech alone could lift German economy by 0.5% this year by rblatz on Tuesday August 10, 2021 @12:07PM (#28130566)
I know a lot of people over 60 and almost all of them are still working.
Re:BioNTech alone could lift German economy by 0.5% this year by adrianN on Tuesday August 10, 2021 @12:11PM (#28130606)
Retirement age in Germany is 67, so you'd kind of expect that.