Dr. Oz Wants Americans to Work 1 Year Longer to Boost the Economy--But Is It Realistic?

[David__77]

Dr. Oz wants workers to delay retirement so they can generate more value for the U.S. economy.

At an event last month, Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services, suggested that if Americans worked an additional year, it would help reduce the federal debt and keep Medicare and Social Security solvent.

"Medicare doesn't hit you until age 65, so [many Americans] are retiring before they get Medicare benefits, before Social Security kicks in," Oz said. "If we could get the average American—because they feel healthy, they're vital, they're strong [and] have agency over their future—to start working a year earlier out of high school or work a year later before they retire ... it would generate $3 trillion to the U.S. economy."

…

"If you’re adding workers whose productivity is falling [because they're older] and not fully employing younger people, you’re not gaining productivity," Ghilarducci said in a December 2024 interview with Investopedia. "We would have a higher GDP if seven-year-olds worked, but we’ve decided our economy’s wealth is not just dependent upon our output, but our quality of life."

…

https://www.aol.com/finance/dr-oz-wants-americans-1-110000373.html

[LakeVermilion]

1. Dr. Oz is campaigning to be...

Secretary of Labor.

[Walleye]

2. I would like to see anyone in the Trump family just work one year

[RandySF]

3. Anything to help the Kochs buy another yacht.

[yaesu]

4. My tRumster brother would agree after he went on disability while complaining about all the "takers" nt

[Raven123]

5. And how many jobs should they hold simultaneously?

Oz makes it sound like everyone has access to a well paying job from the moment they can start working until the day they can retire.

How many people are laid off in their life?
How many people lose their jobs at the end of their careers due to ageism? Pay a young person less than en experienced employee
How many people cannot find a job or cannot be hired because they are the wrong gender, color etc.

[bucolic_frolic]

6. We could fit all people over 70 with headsets and make them customer service people

but AI has different ideas

[Aristus]

7. Please, please, PLEASE work harder so we rich assholes don't have to work at all!

PLEASE!!!

[Ritabert]

8. I blame Oprah for this clown and "Dr." Phil.

[NewHendoLib]

18. This

[haele]

9. The problem with a lot of older workers is the bottleneck that creates

If older workers can't retire or afford to cut back hours at 60 or 65, younger workers can't advance or even get work in their fields of talent, and their attitudes, productivity and earning power stalls.
If you're stuck in a mindless, "shit" job you aren't feeling invested in, you're not going to perform effectively. Most people lose confidence, initiative, and most importantly, attention in these situation. They become bored or jaded, and they're not going to try very hard to advance themselves,because "why should they?".

When the younger workforce is not seen as an investment, they're not going to be able - or willing to become able - to replace the older workforce when they die off.

And it's all the fault of bean counters and psycho owners who refuse to grow up or live in the real world with everyone else.

[gulliver]

10. I see a lot of "minimum Monday" only 24x7

We should focus on that. With AI and automation in the picture, both the old and young should be able to work less and live more. Somehow, we have let ourselves get into what Elizabeth Warren calls a two-income trap. And, lately, once in the trap, large numbers of people simply check out and do the minimum, or less.

It's a witch's brew of administrative bloat and collaborative, mass freeloader fraud. Leadership needs to be minimally staffed, tough love leadership and competent. Weak, excessive, and unqualified administration leads to something similar to the old joke about the Communists. The administrators pretend to lead and the workers pretend to work (or play sick for a living).

[dweller]

11. if seven-year-olds worked

these assholes are crazy

😑




✌🏻

[Rebl2]

12. My husband

had to work past 65 to get his full S.S. benefits. I think my sister plans to wait until past 65 as well.
My parents on the other hand were asked to retire early with the promise of a bonus if they did so. Of course they did. That was back in the 1980’s. I thought of it as a time they were pushing 50somethings out of their long held jobs. Don’t know what would have happened if they had said no.

[House of Roberts]

16. My ex was born in 1955, and had to work to 67 and two months

to get her full SS benefit. I was born in 1956 and had to work to 67 and four months, to get mine. The later you were born, the longer it appears to take, up to whatever it tops out at.

[Rebl2]

17. My husband

was born in 1952 and he worked 3 extra months after his 65th birthday and now that I think about it, I am not sure, he may have needed to work a couple more months to get his full benefit. He still gets a good amount though. I don’t get much because I was on disability for many years.

[Mister Ed]

13. Grifting television quack says what? n/t

[Blue Full Moon]

14. We don't live as long as other modern countries citizens.

The republicans know this. They also have known it was because of health care. When Rob Portman was over OMB it was found that most Americans don't live long enough to collect Social Security or pensions. So rather than getting health care to people they know will die they made a deal with companies to decrease the amounts going into retirement.

[Progressive dog]

19. 3.3 percent of American workers

over 60 do not live to receive social security. That is not most.

[Blue Full Moon]

20. It is a lot higher than that.

GAO found it out. So Rob Portman during Bush jr Administration instead of making health care available which would relieve the situation, he gave companies financial help instead. It was reported by the Washington Post during that time.

[Wounded Bear]

15. How about we raise the minimum wage by 100%...

That would do more for the economy than forcing old people to continue in jobs they're not suited to.