Attend Spring Meetings on Development topics from Apr 17-21. Comment and engage with experts. Calendar of Events

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Submitted by Joana Maria on

Two very interesting comments from Michael and Wolfgang.
I partially agree: we should continue the debate about people retiring at the age of 65 or 67 and how this puts a huge burden on young(er) tax payers.
Nevertheless, we should keep in mind that people staying longer in their jobs will undeniably create a bottleneck for youngsters willing to take higher positions (and many of them do have the necessary qualifications), but they can't due to the fact that the senior management does not want to leave the job.
This can be seen in the example of Lufthansa. Many Captains or - in general - older pilots really enjoy their jobs and don't want to give it up. This causes fresh pilot graduates to find themselves in waiting line, often serving as stewards as long as they cannot commence their duty in the cockpit.