France intends to increase the retirement age despite growing public opposition. Demonstrators and unions have been active expressing their anger over the new legislation. President Macron claimed that moving the age up was designed to confront France's deficit. Nationwide strikes will continue if this economic policy becomes law. The proposed change cannot solve the deficit. Such an event only occurs when revenue cannot not cover expenses of a nation. A practical solution would be for France to start exporting more goods to other countries. Doing so would increase the needed economic growth. Making it more difficult to get a pension does not help an economy. The government does not want to give its citizens the benefits of contributing to France's labor force. The proposed change will disproportionately harm the working class labor force. Among this group most might live to collect their pension. Those who are in dangerous professions are negatively impacted. The 64 years of age retirement proposal has induced labor strikes across the country. Sanitation and transportation workers are becoming more involved in the opposition to reform. If the legislation passes, more demonstrations will continue. Funding the pension system requires higher taxation . What critics claim is that the age increase is a means of gradually abolishing it. The workforce could die before collecting their pensions. The argument would be made that it would no longer be necessary. The movement to increase retirement age is not just happening in France. The EU is attempting to impose it on member states.
No comments:
Post a Comment