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We have created people that never develop as human beings outside the context of their being economic entities in the workforce and that's not something to celebrate.
No time for baking treats; just buy some perma-plastic-wrapped ultra processed sugary snack. No time for being a governor at the local school or taking turns looking after each others' kids. No time to look after aging parents. Just don't do it or buy it in.
No way to teach the next generation how to run a home on a budget or cook healthy for for their kids, the boss needs coffee.
The only winners are boomers and banks, for whom the second person works half their lives to pay back for the inflated house price.
What you are describing is working for someone else, but the alternative, working for yourself, is definitely not the dreamy image all the people working for someone else thinks it is. Working for yourself is work + risk, albeit you get to chose (read: try to correctly identify) the work.
So no matter what, unless you want blob on the states dime, you are going to spend most of your life doing work.
There were a depressing number of people who would post something along the lines of “I just pulled the trigger! Now what am I supposed to do to fill the time?” Your take is spot on, and it’s incredibly sad the number of people we’ve created whose only source of meaning or joy in their life is their desk job.
As someone who pulled the trigger about a year ago, I feel like there’s not enough hours in the day to fill with personally enriching activities, both mentally and physically stimulating. And I feel increasingly lucky to have a life like that.
Between learning new hobbies, tackling my backlog of projects in my old hobbies, taking care of my health, and spending quality time with my family, I still have more to do than I have time for. The awesome part though is that now I can do all the "must do" (family time, personal health) and "should do" (hobbies, socializing) things, and pick and choose between the "nice to do" things. When I was working, I struggled to even do the "must do" things.
Personally, I'd love to FIRE. I have at least 5-10 years of personal projects in my head that I would do if I didn't have a 9-5 job. Unfortunately, graduating into a shitty 2009 market and not having nepotism connections means I am unlikely to ever FIRE outside of some expat poverty FIRE in a cheap country.
I'm considering to retire in a small town where distant relatives live and hopefully get busy by volunteering there somehow. But it's never that simple.
Unfortunately most retail space in the US is way too oversized to make that kind of operation work.
I'm not sure what the solution is, but perhaps as a society we could be more intentional about creating roles where the elderly can still help and feel useful, but also have flexibility and a more relaxed lifestyle.
I retired last year in my late 30’s and it’s just such a life upgrade. I study Mandarin, go to the gym, cook fun meals, volunteer at our community garden, volunteer at our food pantry, go to board game nights, brew beer, DIY house maintenance, write some software for myself for fun, etc. I have so much more time to spend learning new things, it’s ridiculous. I just can’t even fathom continuing to do a job I don’t particularly enjoy just because I’m too unimaginative to figure out what I’d do with the extra 40+ hours of weekly freedom.
"Being economic entities in the workforce" could alternatively be phrased, "performing a skilled role or responsibility that's useful for your tribe."
That sounds much less sinister. It's something humans have been doing for millions of years. It feels good, it engages our brains, it's helpful to others, and it's helpful to ourselves. And I can't help but feel the modern "anti-capitalist" trend is unfair in its approach of disparaging it.
Of course, play and socializing are important, too! Life isn't all work and contribution. And there are many ways to work or contribute outside of having a formal job, anyway. So I do agree with you that it's a bit sad that people don't have ideas for how to do either of these things unless it's through their long-term career.
I think most folks do, in fact, want to “perform a skilled role or responsibility that's useful for your tribe”, but find themselves railroaded into bullshit office jobs full of performative nonsense, soul crushing frontline service work, or body destroying blue collar work with no safety net, all of which are recipes for burnout later in life. Compare Keynes’ “Economic Possibilities for our Grandchildren” [1] to what we ended up with and you’ll find the root of the discontent is perhaps warranted.
[1] http://www.econ.yale.edu/smith/econ116a/keynes1.pdf
I’m pretty sure the world overall and certainly “my tribe” would be better off if the job I’m working just never got done
But also: with age more and more doors are closed to you. Many hobbies become inaccessible. You may end up with a bunch of choices that all just sound outright depressing. Losing a job is losing one more choice, restricting yourself to the possibly more boring options that you can still physically pull off.
It's just not fun being old.
Most of the people who get a lot out of retirement are still doing economically productive work, it's just illegible to the point they don't feel it's worth bothering to make a buck off it. Any serious hobby is basically a second job you don't get paid for, in other words.
He had to stop to help take more care of my mom, and quickly, he just fell out of all these things. Cognitively. Health. Ability to do anything decision wise or to better himself just tanked.
Sample size of 1. A ton of confounding variables. But definitely wasn't his choice to stop working at a place because of health. The poor health came after being forced to quit.
Does make me worry about "taking it easy" when I get older whatever that means :)
Also, I think you'll find that taking care of someone who can't take care of themselves is a lot of work. I had to do it for my mom for 6 months and its a ton of stuff. Talking to doctors. Arranging appointments. Etc.
A reminder that you cannot simply retire FROM something (work, commuting, etc) but must retire TO something (hobbies, social life, second career, volunteering, etc).
There's always more opportunities in the community than there are volunteers, so look around.
Side note: I'm sure we'll see research into these areas used to propose delaying retirement age more in the near future.
But I do wonder if that's going to be a bad thing for me later in my life.
But I also play a lot of board games, including somewhat complicated solo card games, in my spare time. So I'm hoping that helps counteract things a little bit too.
As such it’s often a fake justification for what they want to happen for other reasons.
This might also be survivorship bias.
I’d like to say people need purpose and challenges. This is probably why rates of depression tend to be much lower in “poor” countries where people have to depend on each other more.
In the west everything is an abstraction. If you would imagine a baker in a small town, if she doesn’t feel like baking that day, the town doesn’t get bread.
Therefore, everyone in the town has an incentive to actually check on her, and get her back on her feet.
In the modern west who cares, surely another bakery will provide.
I believe automation will reduce the need for human labor very very soon.
We can all find meaning in arts, dance and play. If not just the gift of this experience.
Or we can point fingers as no one has work or money
I suspect what’s actually going on is that decades on end of employment and the stress of the constant threat of financial ruin causes substantial psychological trauma and absolutely destroys a person’s social self and life, and the idle rich are actually doing fine despite not having jobs, and people in countries that let you live a little bit of life still in your “working years” don’t see this effect so strongly. If that’s true, then it’s incredibly fucked up that the prescription is “more of the thing that robbed you of your humanity to begin with… all to further enrich the idle rich who are not so-traumatized”
I haven't read the paper yet so forgive a bit of ignorance here, but I feel like when I'm unemployed, I actively spend all my time trying to learn new things. This is no small part because otherwise I get depressed because I am spending all my time on YouTube and there are only so many "documentaries" about Lolcows that I can stomach, so I dive head first into projects, usually buying a few cheap textbooks in the process to play with new things. The days are way too long if I don't have something interesting to occupy my time, and I feel less guilty if that time is spent doing something quasi-intellectual instead of playing Donkey Kong Country again.
I didn't think I was an outlier with this, but maybe I am?
I believe the that the decline causes the inactivity and not the reverse. Get your retirement because that will not cause your dementia.
You need some amount of money for good health insurance, healthier foods, lower stress, etc. You need engagement, but that could be found in volunteering and sufficiently complex hobbies.
The trend seen with employment cycles might just be picking up that many people lack these.
Flirting with the wildlife certainly does fall into the "loony" bucket in my book. Make sure to stay safe!
But after 60ish the health of people has such a high variance that it doesn’t make sense to talk about the average retiree.
Some of them are healthy and sharp. Others have disabling health problems
For example, it seems logical to me that people with worse health and failing mental faculties will already be feeling more motivation to retire earlier, as opposed to very healthy people who will keep on working forever. That would be pure correlation
https://www.nber.org/system/files/working_papers/w35117/w351...
https://en.wikipedia.org/wiki/Instrumental_variable
Not perfect, but less vulnerable to the correlation issue you mentioned.
Perhaps you're misparsing the second sentence? "Shocks" is not used as a verb here -- it's a noun, part of the phrase "labor market shocks," which refers to sudden events that disrupt the labor market.
Fuck you.
Christopher Lasch wrote that our “culture of narcissism” detests aging. Unsurprisingly we, the narcissists, are horrified when we ourselves become old. Because there is hardly anything left for us.
You can subtract pure biology, i.e. normal bodily degradation. But you can also subtract respect, esteem, wisdom (because who cares what grandpa has to say?), family (see care homes), and socializing.[1] You’re not an “asset” (to use familiar language[2]) to anyone. Just a burden.
What becomes the solution to any of that? No, no. We don’t need solutions to old people problems. We need solutions to them being burdens.
So how to make them less of a drag on our collective selves: encourage them to work at their shitty jobs for longer.
[1] See the old man who meets you again after six months and talks way too much about what he’s up to. Does he have any other outlets?
[2] https://news.ycombinator.com/item?id=47873477
"Does Unemployment Make It More Likely for Late Middle-Aged People, Particularly Men, To Drink Alcohol? Evidence From We Obviously Should Have Considered This In The Paper, Perhaps We Are Too Sheltered"
To be clear I am not being pedantic. The paper explicitly endorses the policy of pushing back the retirement age specifically because doing so likely reduces cognitive decline. I agree with this, in the same sense that shooting car thieves in the street without a trial reduces automotive theft. "Reducing cognitive decline in people near retirement age" might be better met with psychiatric intervention, so that unemployed people also get some of the benefits. Ignoring this confounding variable and prattling about "causal explanation" - while endorsing the policy of snatching away people's pensions until they work a few more years - is evil born from ignorance.
I thought that's the reason why they used "Evidence from Labor Market Shocks"? The idea is that when "Labor Market Shocks" (ie. mass layoffs) happen, the people who lose their jobs are somewhat random, so there isn't the confounding variable of low performers/sick people.