The price of old age
Page 30
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NHO COULD FAIL to be wor'led by some of the statistics luoted by Victor Paige? For inaance, in 20 years, time the vorld population aged over 60 vill have risen to .600m and here are likely to be 58m )eople over 80. Who is going to zeep them?
At present there are four vorkers in General Motors of \merica for every company )ensioner. In the 1990s there vill be one for one. In Europe the proportion of pensioners is estimated almost to double in 50 years, Employees' pension contributions may increase by 300 per cent and promotion for younger workers may be blocked by older people continuing to work.
To reduce registered unemployment by about 600,000 to 800,000 in the fateful year 1984 would require the creation of about 13/4m additional jobs — "a difficult but not an impossible task," Victor commented. These are sober thoughts with which to enter the 'Eighties.