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Nowadays more and more people have to compete with young


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Nowadays more and more people have to compete with young 
people for the same jobs. 
What problems does this cause? 
What are some possible solutions? 
Those seeking a job are now facing stiffer competition from the younger 
generation. This essay will suggest that the main problem this causes is 
higher poverty among older people and propose lowering the retirement 
age as a possible solution, followed by a reasoned conclusion. 
Increased competition from today’s youth has left many over 50s in poverty. 
If a young and old person apply for the same job, it is often the case that 
the younger individual will have more qualifications and may also be willing 
to work for less money, leaving many seniors without work and ‘left on the 
scrapheap’. For example, a recent survey showed that since the financial 
crisis in 2008, fuel and food poverty has increased by 82% amongst the 
aged. Despite this, many of the older generation own their own property 
and have large savings and therefore, are somewhat insulated from these 
troubles. 
The most viable answer would be to drop the age of retirement. Most 
industrialised countries could afford to lower this from 65 to 60, thus 
allowing millions of people to simply retire and be looked after by the 
state. For instance, Finland recently decreased the retirement age for all 
government employees to free up more jobs for their graduates. 
However, this initiative may be very unpopular with the business 
community, who would have to pay for many of these early retirements. 
In summary, the increased rivalry between young and old in the job 
market has resulted in the impoverishment of many of our older citizens 
and countries should consider reducing the age of retirement to solve 
this. 


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