It is not wrong to encourage work – even for the elderly
7 August 2023
SUGGESTED
In the Media
In the Media
Julian Jessop quoted in The Telegraph
7 August 2023
Lifestyle Economics
15 November 2024
Reem Ibrahim writes for CapX
IEA Communications Officer Reem Ibrahim concerns over a growing ageing population have been voiced in CapX where she argued that over-reliance on welfare should be avoided with work.
Reem wrote:
“Earlier this week Work and Pensions Secretary Mel Stride suggested that older people should consider working for Deliveroo, the takeaway delivery company. His idea was derided in some quarters as something akin to sending children back up the chimneys and down the mines.
“There’s a much broader issue here though: the daunting prospect of an ageing population and greater numbers retiring earlier, particularly since the pandemic. There are 3.4 million people over 50, but below retirement age, who are out of work, according to the Office for National Statistics.
“The deeper point is that we simply cannot sustain the combination of a shrinking working age population, low levels of economic growth and ever-growing public spending. The number of people relying on welfare is not just a cost to the Exchequer, but a depressing waste of human potential.”
You can read the full article here.
Reem wrote:
“Earlier this week Work and Pensions Secretary Mel Stride suggested that older people should consider working for Deliveroo, the takeaway delivery company. His idea was derided in some quarters as something akin to sending children back up the chimneys and down the mines.
“There’s a much broader issue here though: the daunting prospect of an ageing population and greater numbers retiring earlier, particularly since the pandemic. There are 3.4 million people over 50, but below retirement age, who are out of work, according to the Office for National Statistics.
“The deeper point is that we simply cannot sustain the combination of a shrinking working age population, low levels of economic growth and ever-growing public spending. The number of people relying on welfare is not just a cost to the Exchequer, but a depressing waste of human potential.”
You can read the full article here.
SHARE
