SOCIAL SECURITY: AN ESSAY
Edward E. Rochon
Edward E. Rochon on Shakespir
Social Security: An Essay
Copyright © 2016 by Edward E. Rochon
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Some Other Works by the Author
[Compound Interest: An Essay
Dollar Inflation: An Essay
Dollar Inflation II: An Essay
Green Gold: An Essay
Inflation Court: An Essay
Jobmasters: An Essay
Minimum Wage & Economics: Essays
Monetary Stability: An Essay
[Axioms & Theorems: An Essay
Global Warming: An Essay
Pest Control: An Essay
Pollution Solution: An Essay
Pollution Soup Cook: An Essay
Unified Field Theory: An Essay
Table of Contents
The aging population eligible for benefits, the increasing national debt, endemic unemployment hidden behind people dropping out the work force: these are the problems facing the USA. This is compounded by decreasing health of the population in general: diabetic obese children, diabetic obese seniors.
We propose to help the aged stay active, productive and healthier while serving the interest of the country as a whole. The grave is the only reasonable place to retire. The elderly should work less, work differently, but stay working. We propose to create an environment that makes hiring the elderly by employers, of equal cost in overhead to hiring the young.
Chapter 1: Cemetery Retirement
It is unreasonable to expect the elderly to work the hours of the young. It is not unreasonable for the elderly to work at a rate conducive to maintaining a flexible mind, flexible joints and toned muscles to the extent possible. Much anecdotal evidence indicates that a great many elderly people who hope to enjoy retirements of relaxation, play, and leisure in general, quickly come to regret it and are quite likely candidates for an early grave.
The elderly can work but not as much or as fast. Infirmity makes sick time more likely, healthcare overhead costs more expensive, and integration into a youthful workforce culture problematic. Nevertheless, it is best for society, the young and the elderly to keep all citizens productive to the greatest extent possible.
The learning curve of the elderly declines with age. They have experience, but it may be made partly obsolescent by innovation in technology, organization and social norms. These are problems that should be met head-on and dealt with. The commonwealth of society is uppermost to the duty of the state that underwrites retirement by subsidy, direct benefits and dedicated organizations.
The fact is that employers will prefer to higher the young at lower starting wages, whose memory is sharper, statistically less likely to suffer physical handicaps or health issues. They will focus on the young. This leaves the elderly with fewer options to work. Every elderly person hired is one less young recruit or young part time employee that can be hired. This increases the reluctance of employers to hire the elderly, a potential handicap in competition. And this becomes a viscious cycle that decreases national income in the long term. Competition reduces wealth generation.
We must remove these impediments from the employer’s hiring options. The next chapter proposes how to do this in brief.
Chapter 2: Hiring Transparency
A forty hour workweek for the young is harder on the the aging worker. We should make fulltime vary with age. Between the ages of teens to about forty-five or fifty, we would have a forty to forty-two hour workweek (overtime after that.) This should drop to a thirty-five hour week up to about age sixty for the second group. From sixty to sixty-six a thirty to thirty-two hour workweek. After this a twenty-four hour workweek. We will endeavor to make these hours transparent to employers in terms of expenses incurred.
Since the state and charitable organizations are more likely to spend funds on the elderly and children, and these funds must come from taxes on revenue in some form, or donations from revenue in some form, we must endeavor to keep the economy fully employed and all citizens able to work in accordance with sound health guidelines. We must smooth out boom/bust cycles, keep optimism on an even keel to encourage investment, and keep the ravages of poverty at bay. These ravages include poverty induced or abetted crime, poverty induced poor health, poverty induced or abetted vice such as using drugs and alcohol, gambling, needless luxuries to ameliorate the woes of poverty. These all use up necessary funds that the indigent can ill afford. Unfortunately, misery and lust get the better of so many. The commonwealth should discourage this by keeping the idle hands busy, income available for healthier forms of recreations and the like. There are several ways this can be done as itemized below:
Taxation: As hours vary with age, so should taxes paid vary with the hours both proportionately and as a percentage. This means that the younger workers pay more taxes for more hours worked, but also, pay more as a percentage per unit hour. The effect of this to employers is that they can pay groups doing the same work at varying rates of wages. The employers inform employees and note that since you will not only pay taxes on fewer hours worked, the scale per hour will also be less. That means that I can pay you less than the young and yet still effectively give you the same pay for the same work. And this variance will be legal. How will the state compensate for the loss of income? By keeping the economy at full employment, by making age transparent to hiring in terms of expense. The elderly get the most accrued benefits, besides. The more they work, the less stress on the young and the state’s budget.
Benefits: Each age bracket has an expense allowance allocated to employers. If the employer hires older workers, he knows that he will get a larger tax credit, rebate, subsidy or whatever is required to make the healthcare expenses of his older employees transparent with respect to the young. By transparent, I mean there is no effective difference in ultimate cost to the employer due to the offsetting percentages. An easy method of writing off expenses against these credits should be available to both employers and government, and easily understood by employees so as to verify honest dealing on both ends influencing his hours, wages and benefits.
Work at Home: Working at home reduces expenses incurred by transportation, hours consumed in preparation and transit. These put less stress on the older population. The state should encourage employers to use this option when the employee is amenable to it. This makes the elderly/youth culture clash at the workplace less of a problem. If the employer wants a more youth oriented, less conservative, innovative look and attitude at the office, keeping the old folks working at home is an option.
Social Security should encourage recruitment of retirees to work as: help desk, customer service, phone work and similar jobs. Why should industry hire an overseas Asian, holding down three jobs, whose accent is barely intelligible even when not overworked, when American senior citizens working hours amenable to their health can do the job? If necessary, Social Security should work as a hiring agency for industry. Every elderly American working reduces the debt of the nation in proportion to the work. The elderly already have Medicare and other benefits that could be paid into for better and/or more options. Old age second IRA packages could be offered. Help in overcoming hearing and eye problems would be a goal through training, software and hardware. The old eyes would work less, have help in having bigger computer screens, more screens, large type manuals, wall boards for their work area with basic info (in large print) about what the customer needs, and “where to find it pointers” to what is not on the boards, etc. We would strive for ideal ergonomic home offices for the elderly, so that employers and customers will not be dissatisfied with services provided by the elderly due to infirmities of old age.
No Work Penalties: We should be rid of all impediments to work that reduce benefits. You should be able to work as much as you please without losing benefits, providing you are entitled to them. The government wants to discourage early retirement dipping, but this is counterproductive in the long run. Besides, our point is to do away with retirement until the grave. Early retirement people get less money as it is. That is discouragement enough.
Everything goes wrong with anything new. The chinks should be worked out and the program phased in. This is a good option for the American economy in the long run.
Other Works by the Author
Collected Poems I
Collected Poems II
Elements of Physics: Matter
Elements of Physics: Space
Elements of Physics: Time
Unified Field Theory: An Essay
Space as Infinity II
Golden Age Essays
Golden Age Essays II
Golden Age Essays III
Golden Age Essays IV
Golden Age Essays V
My current biography and contact links are posted at . My writings include essays, poetry and dramatic work. Though I write poetry, my main interest is essays about the panoply of human experience and knowledge. This includes philosophy, science and the liberal arts. Comments, reviews and critiques of my work are welcome. Thank you for reading my book.
A brief preface lays out the purpose of the essay. Chapter 1 notes that retirement can be very hard on the elderly, often to their surprise. They lose the zest for life and the will to life. Chapter 2 proposes to do away with age discrimination and employers' handicaps in hiring seniors by several means. Groups are given full time work hours according to age. Each group is taxed differently. Older brackets are taxed less. This allows employees to pay less for the same work done. This will be legal wage variance and encouraged. Each age bracket has discounts, rebates and incentives for health benefits. The purpose is to make expenses transparent to the employer. In effect, he loses nothing by hiring elderly workers, proportionately to young workers. We encourage work at home for the elderly with help options. This allows youth oriented, innovative employers to keep the old folks out of sight. If needed, SSA should act as a temp employee agency to keep the seniors on benefits employed at some healthy level. There should be no penalties on income earned. The lower benefits for early retirement are discouragement enough. We note that all new plans have troubles but the idea is a sound one.