Chapter 6: Problem 6
The economies of some industrialized countries face the prospect of large labor shortages in the decades ahead. Meanwhile, these countries will have a vast number of experienced and productive older workers who, as things stand, will be driven from the work force upon reaching the age of sixty-five by the widespread practice of requiring workers to retire at that age. Therefore, if the discriminatory practice of mandatory retirement at age sixty-five were eliminated, the labor shortages facing these economies would be averted. The argument assumes that (A) older workers have acquired skills that are extremely valuable and that their younger colleagues lack (B) workers in industrialized countries are often unprepared to face the economic consequences of enforced idleness (C) a large number of workers in some industrialized countries would continue working beyond the age of sixty-five if workers in those countries were allowed to do so (D) mandatory retirement at age sixty-five was first instituted when life expectancy was considerably lower than it is today (E) a substantial proportion of the population of officially retired workers is actually engaged in gainful employment
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.