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This is the real issue. Imo: there's not enough upwards mobility in jobs because people are retiring later in life. We need to make it cheaper to retire and for workforces to move up the ladder. I know this sounds elitist, but when I worked in a shop, I didn't expect to be able to afford a house.

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This is an interesting point I have not contemplated in my musings on the issue so far. Something I should have thought of earlier since my dad came out of retirement and thus is taking up a position that otherwise could have been occupied by the promotion of someone who graduate more recently.

Thanks for sharing it.

It’s a long article but if you just skip along and read around the graphs you get a lot of context on this situation. I also found it fascinating when I first stumbled upon it .

https://www.brookings.edu/wp-content/uploads/2016/02/Boswort...

Just musing a bit further, there are multiple ways you could attack this. For instance, you could also encourage people to work shorter hours—we've all become much more productive in the past century, so why are we still working 40 hours a week at minimum?

Because we don't sell units of productivity - we're selling units of labour. If I don't sell 40 hours per week, somebody else will.

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