
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