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Why does raising the retirement age hurt young people?

daveland

created: July 23, 2025, 12:27 a.m. | updated: July 23, 2025, 2:19 a.m.

The idea of delayed retirement crushes young workers' advancement prospects seems like a no brainer (that somehow never brought up in debates on raising the retirement age of Social Security), but something else is still missing. ShareThe Labor Market ParadoxThe Narrative: By every traditional measure, this should be a golden age for young workers. In countries like Slovenia, Poland, and Spain, the share of young workers on temporary contracts exceeded 70%. Skilled young workers, unable to advance in their chosen fields, take lower-skill positions just to maintain employment. The economy has been optimized for metrics that look good in policy reports while undermining the mechanisms young workers need to build successful careers.

1 week, 5 days ago: Hacker News: Front Page