Retirement Age
First of all, people who do hard labor jobs are less able to continue to work as they reach their late 60's (Griffith 2005). This is due to the fact that people have decreasing mental abilities as they get older. It is harder for them to memorize or even concentrate. Besides, the elderly are no longer physically as fit as they used to be. They tend to get exhausted easily.
Secondly, having a younger retirement age means opening up the work field for the younger, presumably more capable generation. The younger ones are usually stronger and they may have better, more modern techniques in doing a certain jobs so maybe it is time to let them take over and show their abilities. With them taking over, maybe there will be more advantages the company can have, such as an increase in time efficiency and income.
In conclusion, people who have reached their late 60’s better reduce their working time so they can enjoy the rest of their days and let the younger ones have a chance to perform.
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