Would Mandatory retirement in the US help the job market? (employed, free market)

[vision33r]

Many EU nations have mandatory retirement, should the US adopt similar policy to help the job market?

I understand there's a cost to this such as increasing social services but the net result could be beneficial if there are more people employed that are at their prime working age than having so many unemployed sitting out and not being productive.

[sjdemak]

So if I own my business, and want to keep working, the US is going to tell me otherwise? Its not the free markets fault so many people are useless.

[vision33r]

Originally Posted by sjdemak

So if I own my business, and want to keep working, the US is going to tell me otherwise? Its not the free markets fault so many people are useless.

I don't think it applies to small biz. Anyways if you own a business that you work in then you don't really own a business.

[sjdemak]

Originally Posted by vision33r

I don't think it applies to small biz. Anyways if you own a business that you work in then you don't really own a business.

What do you think businesses run themselves? Of-course business owners work at the business they own, are you serious?

[HokieFan]

Originally Posted by vision33r

Anyways if you own a business that you work in then you don't really own a business.

I'm unfamiliar with the mandatory retirement policies of other countries, but I'm of the mind that one should be able to work for as long as they would like if they are capable of performing the duties and responsibilities of that position.

[johnp292]

Originally Posted by vision33r

I don't think it applies to small biz. Anyways if you own a business that you work in then you don't really own a business.

Huh?

[Pitt Chick]

Originally Posted by vision33r

Anyways if you own a business that you work in then you don't really own a business.

What?
I think you need to explain that, as it makes absolutely ZERO sense!

[Rambler123]

Such policies already exist in a few limited places. For example, at the DoD contractor I worked at for 10 years, senior executives had to retire (at least out of the company) at their social security retirement age. I think this was done to allow upward mobility for younger people and prevent very aged executives with possible dementia from making decisions.

As for the nation as a whole, I can't see people being forced out of their business by a government decree, unless you maybe created exceptions for owners or partial owners of companies. Even then, you'd need to have pensions and well-funded social security / medicare funds to support them, and we all know how that's working out today...

[313Weather]

For those who don't have retirement packages, how are we going to pay for their social services?

[BigDaveyL]

This is one of those ideas that sounds nice but is really naive