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(Insurance News Net) Obvious Economy now so bad that 9.5% of retirees want to go back to work   (insurancenewsnet.com) divider line 28
More: Obvious  
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529 clicks; posted to Business » on 03 Jul 2009 at 11:46 PM   |  Make this a Fark FavoriteFavorite    |   share: Share on OMGTWITTER WEB2.0share on StumbleUponshare on Facebook  more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!

28 Comments   (+0 »)


 
acanuck [TotalFark] 2009-07-03 09:26:39 PM  
Unless your bank account is zero, stay the Fark home, grampa...people have families to feed first and there aren't enough jobs for those people, let alone you displacing even more workers.

There's no room for a financial cushion of comfort for ANYONE

 
Fear_and_Loathing [TotalFark] 2009-07-03 09:35:07 PM  
9.5% of us that aren't retired want to go back to work. Then again it is 12.5% here.

 
Nemo's Brother 2009-07-03 09:41:02 PM  
They were hoping everything would hold off collapsing until they were gone.

 
Soumac [TotalFark] 2009-07-03 09:56:02 PM  
Want to or need to?

 
IronTom [TotalFark] 2009-07-03 10:00:21 PM  
Soumac: Want to or need to?

need to after their life savings were decreased by so much this last 8 months.

 
Bucky Katt [TotalFark] 2009-07-03 10:55:25 PM  
You should stock up on ammo and canned goods while you still can.

 
Crosshair [TotalFark] 2009-07-03 11:18:29 PM  
Bucky Katt: You should stock up on ammo and canned goods while you still can.

It is also prudent to get your money and investments moved into non-US dollar denominated assets. Of course guns and ammo make up part of that portfolio, but gold/silver stocks and Canadian energy trusts are good, though I'm not sure about how the new laws in Canada will affect their yields, as well and provide income should one need to leave the country. Keep your passport up to date as well.

 
GAT_00 [TotalFark] 2009-07-03 11:41:45 PM  
Crosshair: It is also prudent

You know, people like you have been saying stuff like that for what, at least two decades by now? What's going to get you to stop fearmongering? Even when it doesn't happen, you just start rambling on about the next possible collapse.

 
Cagey B [TotalFark] 2009-07-03 11:45:13 PM  
A smart person would set up a "job center" for retirees, and start soliciting contracts for a cheap new industrial foodstuff.

 
Branch Dravidian [TotalFark] 2009-07-03 11:56:02 PM  
Crosshair: Bucky Katt: You should stock up on ammo and canned goods while you still can.

...Of course guns and ammo make up part of that portfolio, but gold/silver stocks and Canadian energy trusts are good...


If it ever gets down to canned goods and shotguns time in the USA, Canada is toast too.

 
Larofeticus 2009-07-04 12:01:09 AM  
The concept of an average person being able to get away with not working until he is literally unable to due to death or age is completely unprecidented in human history, minus the last 50 years or so.

Perhaps we have been so prosperous that we get to have a second, unproductive childhood at the end of our lives in addition to the beginning. Or maybe we've just been handicapping the progress of our society with the extra burden. Hundreds of thousands of dollars worth of scarce medical resources spent to extend your second childhood by a few unpleasant months?

If hating old people for stealing jobs is just like hating mexicans for stealing jobs. Well actually a bit worse because those people are your parents and grandparents and so forth. It doesn't matter who does it, just that work gets done. Should be happy that more people are contributing to ease the total burden instead of biatching that money is all for me and mine and no one else.

 
Ishidan 2009-07-04 12:09:10 AM  
Larofeticus: Perhaps we have been so prosperous that we get to have a second, unproductive childhood at the end of our lives in addition to the beginning. Or maybe we've just been handicapping the progress of our society with the extra burden. Hundreds of thousands of dollars worth of scarce medical resources spent to extend your second childhood by a few unpleasant months?
And, having seen it far too many times, I'm afraid I must correct your language.
It's not a second childhood, it's a second infancy.
Childhood, you see, is marked by being energetic, sprightly, carefree, curious, and imaginative.
Infancy is marked by being immobile, helpless, mindless, capable of eating only liquids or purees, and prone to dropping things and crapping oneself.
You see the difference already, I'm sure.

 
gadian [TotalFark] 2009-07-04 12:13:51 AM  
Work until you die. I'm ok with that. It seems fair.

 
jjorsett 2009-07-04 12:14:15 AM  
acanuck: Unless your bank account is zero, stay the Fark home, grampa...people have families to feed first and there aren't enough jobs for those people, let alone you displacing even more workers.

There's no room for a financial cushion of comfort for ANYONE


I agree with the last sentence. If you can't bring enough to the table to hack it against somebody on an aluminum walker, you don't deserve the job.

 
jjorsett 2009-07-04 12:16:49 AM  
Larofeticus: The concept of an average person being able to get away with not working until he is literally unable to due to death or age is completely unprecidented in human history, minus the last 50 years or so.

Closer to 120. Germany under Bismark adopted an old-age social insurance program in the late 1880s.

 
Chelsea Clinton Is Carrot Top's Lost Twin 2009-07-04 12:21:55 AM  
Crosshair: Bucky Katt: You should stock up on ammo and canned goods while you still can.

It is also prudent to get your money and investments moved into non-US dollar denominated assets.


NIKKEI 225, 07/02/07: 18,140
NIKKEI 225, 07/02/09: 9,816

Yah, I'll get right on that, Mr. Buffett...

 
Larofeticus 2009-07-04 12:47:20 AM  
Ishidan: And, having seen it far too many times, I'm afraid I must correct your language.

Correction welcomed.

jjorsett: Closer to 120. Germany under Bismark adopted an old-age social insurance program in the late 1880s.

That's an interesting piece of information. I'm gonna go try to find more information about it. Since human history is global, and goes back a few thousand years, I'm going to assume my point still stands, however.

 
godofusa.com 2009-07-04 12:55:56 AM  
Change you can believe in!

 
NuclearPenguins [TotalFark] 2009-07-04 12:58:25 AM  
I know how we can solve the economic crisis. Institute something somethings like this:
www.weblogsinc.com

 
2chris2 2009-07-04 04:02:53 AM  
NuclearPenguins: I know how we can solve the economic crisis. Institute something somethings like this:

Renew at Carousel!

 
winterwhile 2009-07-04 07:08:37 AM  
Chairman Obama apology tour time?

Yea, he needs to tell the USA why he is so messed up

economy at 10% Unemployment soon......

 
Winktologist [TotalFark] 2009-07-04 09:43:57 AM  
winterwhile: Chairman Obama apology tour time?

Yea, he needs to tell the USA why he is so messed up

economy at 10% Unemployment soon......


Yes, everything was just fine while Bush was in office. The economy didn't completely collapse under his watch or anything. And he never bailed anyone out, either. Or started an unnecessary war that cost us TRILLIONS. At least Obama is spending our tax dollars on US. Not that there is much other choice after the colossal assfarking we received from Bush and GOB over the past 8 years.

Don't spout this shiat on the 4th, it's unamerican.

 
Winktologist [TotalFark] 2009-07-04 09:45:26 AM  
godofusa.com: Change you can believe in!

I'd like to hear what you would have to say when this situation was the same or worse and McCain was in office, instead.

"WHARRGARBL Clinton's fault!"

 
Lawnchair 2009-07-04 10:04:45 AM  
Larofeticus: Perhaps we have been so prosperous that we get to have a second, unproductive childhood at the end of our lives in addition to the beginning. Or maybe we've just been handicapping the progress of our society with the extra burden. Hundreds of thousands of dollars worth of scarce medical resources spent to extend your second childhood by a few unpleasant months?

If hating old people for stealing jobs is just like hating mexicans for stealing jobs. Well actually a bit worse because those people are your parents and grandparents and so forth. It doesn't matter who does it, just that work gets done. Should be happy that more people are contributing to ease the total burden instead of biatching that money is all for me and mine and no one else.


The problem is... with all the automation, science, and technology we've applied to the world's problems, we don't actually need anything like 4 billion people working 40-hours-plus per week to provide everyone with quite a decent living. Honestly measured, we've got 15% of the nation unemployed right now, and what don't we have enough of? Nothing.

Yes, we can make more plastic trinkets. Americans are buried in plastic trinkets. And a third of the damned country is on anti-depressants. We've exceeded marginal gains there.

So, we either move toward shorter working weeks overall, or toward extended childhoods (in college to 30, retire at 60).

 
Larofeticus 2009-07-04 10:36:31 AM  
Lawnchair:

There is always something useful available to be done by everyone. It's just that lots of people think what's available to them isn't worth their time so instead they do nothing and help no one.

A human being, even a dumb one, is still one of the most useful tools for getting lots and lots of things done when you consider it's ability to learn, be trained, adapt, and respond to unique circumstances.

Labor still is and for the forseeable future will remain in shortage. At least until robots build and maintain themselves, and all the stuff that robots are made out of gets really cheap, and the energy to run them gets really cheap, and someone can figure out how to teach them to learn.

 
xria 2009-07-04 11:11:44 AM  
Lawnchair: The problem is... with all the automation, science, and technology we've applied to the world's problems, we don't actually need anything like 4 billion people working 40-hours-plus per week to provide everyone with quite a decent living. Honestly measured, we've got 15% of the nation unemployed right now, and what don't we have enough of? Nothing.

Yes, we can make more plastic trinkets. Americans are buried in plastic trinkets. And a third of the damned country is on anti-depressants. We've exceeded marginal gains there.

So, we either move toward shorter working weeks overall, or toward extended childhoods (in college to 30, retire at 60).


We are nowhere near tapping the limit of human desires. Almost everyone wants more stuff, and the more people there are making it, the more everyone ends up with, or the more choice everyone has. Even if you consider that everyone in the developed world has everything they should need (which is a stretch) that still leaves another 5 billion or so that have a long way to go to catch up.

/whether we have resources for that to happen is a different question

 
godofusa.com 2009-07-04 12:59:15 PM  
Winktologist: godofusa.com: Change you can believe in!

I'd like to hear what you would have to say when this situation was the same or worse and McCain was in office, instead.

"WHARRGARBL Clinton's fault!"


I usually don't bother with "if" situations, but I'll bite. Obama won, and the economy is dying. He promised to create jobs, now he's saving or creating, now the "we won't have 10% unemployment" promise is all bullshiat.

I doubt McCain would pass the $787 bill (that no one read), the cap and trade scam (that no one read) and the healthcare reform bill (that no one read).

The dollar collapse is gonna suuuuuuuuuuuuuuuuck.

 
winterwhile 2009-07-04 09:57:37 PM  
Winktologist

Don't spout this shiat on the 4th, it's unamerican.


on foreign policy chairman Obama could be kissing the asses of dictators and tyrants and ignoring democratic reformers...

Oh wait..

Oh SH**

 
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