Younger Workers Quotes
This is one of the rare occasions where the person appointed to lead a major governmental program, publicy trashed the program and told citizens that they would never receive the benefits that they had already paid for. She was a partisan political appointment who had no real credentials, preparation or previous experience and her statement was so overtly political that few took the statement seriously although there were well known problems that Congress could fix as soon as they have the political will to do so. In the 15 years since this statement not a single worker has failed to obtain any benefits to which he/she was entitled. To see why such a statement can never be made with any certainty, see {619986} which explains the essence of Social Security.
The Japanese have had this situation and have found a good solution. The older workers are treated the respect of the highest level workers but they relinquish authority and control to the mid-level coming up. They in turn, do more teaching and mentoring, and work fractional time as and when they prefer to. Callahan assumes that most jobs are in large companies with hierarchies based in large part by seniority. However, most of the new jobs in America are created by small companies and start-ups and there always opportunity for new companies started by people of any age. His economic view is that of a static economy and not a growing one, when growth has on the average characterized the American economy since the founding of the country.
