Impact of an ageing population on the business environment and on Essay

Impact of an ageing population on the business environment and on business organization - Essay Example This conflict is therefore a major concern in the minds of economists and politicians alike, as this will put increasing pressure on the budget, and of a more fundamental concern, the likely slowdown in economic growth. With this conflict getting more and more fuelled by critics, Peter Costello has been forced to step in and put forward a resolution to this dispute. He has recently proposed a campaign to stop people from retiring early, allowing them to work past the current age restriction of 65. From the viewpoint of the individual there is a double gain. The longer you work before retiring, the more time you have to keep adding to your superannuation and your retirement savings. But, on top of that, the less time you spend in retirement, the longer your retirement savings will last you. (Barnett 2000, 69-74) From the viewpoint of the federal budget, the more people save before they retire and the later they retire after 65, the less the Government has to pay them in age pension payments and the less it has to spend on health care concessions and such like. If this policy is embraced by the aged, (who should very well be concerned about their financial futures), it will solve many of other conflicts in our society. One of these is that of elder abuse. Where the elderly are forced to take care of their grandchildren while the parents go out and endeavour careers. If the aged are working, then this issue will simply not arise. Also, due to their job commitments, muggings and violence against the aged will decrease and this will lead to greater satisfaction of life, and their general well being. (Tay 2001, 42-49) Also if they spend more time out in the workforce, they may be more susceptible to changes in technology as their work may require simple training in computer technologies such as the Internet. This will reduce the conflict of technology, in their future, enhancing their lifestyle as they take advantage of timesaving (maybe body-saving in their case) features of the Internet, like Internet banking. Also the issue of reluctance of employers to employ older people will significantly reduce. As they will KNOW that these people have 5-10 years extra left in them, hence they WILL give them that promotion and the respect which the aged so badly desire. It sometimes seems as though the aged have more than their share of critical emotional problems. They also sometimes have more than their share of psychological help at their disposal. And almost every helping procedure that effectively copes with human concerns is successfully applicable to the problems of the aged. Psychotherapy can be helpful to old people. Family therapy 'works'. Poetry and art therapy 'work'. Given the skill and sensitivity of the clinician - and the willingness to provide a service to an old-person - therapies of many types can be successful. (Barnett 2000, 69-74) But, although resolving many financial and emotional issues for the aged, this policy still doesn't account