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Submitted by Wolfgang on

Thanks for an interesting thought. Pension system reform is indeed at the core of demographic challenges of many of the richer economies. However, it is important to understand that an economy can grow and add new jobs. Employing younger and older people at same time is no contradiction; often the combination actually makes the workplace richer. More people do not mean more unemployment. Germany is the largest country in the EU and has one of the lowest rates of unemployment
In most countries in the world there is a lot of work to do. Kids need to be taught and vaccinated, elderly to be taken care of, and roads to be built, and much more. This need for work is not always translated into jobs. This is where government policies come in. The better public services are delivered and the easier it is for business to operate, the more jobs will be created.