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It’s just what every worker wants to hear isn’t it? Things like, “raising the preservation age for superannuation..” Finally a pollie (Costello) has realised that Australia’s (as well as every other ‘rich’ nation) population will be very old within 2 decades or so. At this stage Costello only mentions “new policies such as rewarding participation in the workforce, incentives for people to get off welfare and stepping up labour- market reforms” as ways to increase the amount of crusties in the workforce. As for labour market reforms, we all know that means lower/stagnant wages. In twenty years I’ll be 50 and wanting to retire. My bold prediction is that in 2050 legislation will be in place to keep me at work until the moment of death. If Mr. Costello really believes in the almighty “market forces,” older people will return to the workforce when the market has a place for them. Simple! Isn’t it?
Bwahaha!! That game was hysterical, Tony.
Superannuation … don’t even get me started.