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A proposal to help young people into employment, and to reinstate a sensible retirement age for older people
Young people are finding it increasingly difficult to find work, and at the same time older people are being forced to work beyond what used to be considered to be a sensible retirement age.
Some older people either want to retire at 60, or have little choice anyway, due to ill health. Others,(and I would say the vast majority - because of the need to feel 'useful'), would want to carry on working as long as they are able to.
Older people have a valuable accumulated wisdom gained through a lifetime of education, training and working. Younger people have a hunger to learn that same wisdom.
There is also the factor of guilt. I am sure I am not the only person of advancing age who feels guilty about having to carry on working, perhaps depriving a work opportunity for a younger person.
My proposal is this: The government to provide free or low cost training in self-employment for people over 55 in readiness for age 60, where the choice can be made to retire or to carry on working in a self-employed capacity. This means that retirement age could be reinstated to, say, 60, because the numbers taking up self-employment would be greater than those who wish to retire - and would not be claiming pensions or benefits.
If the self-employed businesses take off and get to the point of having to employ workers to continue its success, then young people could take those places and be given apprenticeships and training, using the wisdom and work ethic of the older employer.
There would be two main beneficial outcomes. One is to take many older people out of employment with other established companies, leaving room for younger people to take their place. The other is the start-up of many new companies run by those older people, who potentially could employ many otherwise unemployed younger people in the future.