The End of Retirement?

By Shamus CookeDecember 15, 2008 “Information Clearinghouse” — -

Unless things change fast, human history will show that the phenomenon of “retirement” was limited to one generation. After World War II, when European and Japanese economies stood in tatters, American capitalism could fulfill “the American dream,” since there was little foreign competition to speak of.

For the first time ever, workers were promised that — after working thirty or so years — they would be able to securely retire. That was largely the case…for one generation.

Full article: http://www.informationclearinghouse.info/article21460.htm?

This entry was posted on Wednesday, December 17th, 2008 at 8:37 am and is filed under Archived. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.