Time to retire ? - a photo on Flickriver

Time to retire ?

            Germany's population is growing older, and more and more of its aging population needs care. Parliament has passed a new law aimed at helping working people care for family members, but more help is urgently needed.

Despite the arrival of nearly 1m refugees in Germany last year, the country’s biggest demographic challenge is not too many people but too few.

The population is set to decline from a 2002 peak of 82m to 74.5m by 2050, according to the United Nations. The percentage of Germans under 15 is forecast to fall to 13 per cent, among the world’s lowest. The share of those over 60 is expected to rise from 27 per cent to 39 per cent.

With the economy growing and unemployment at just 6 per cent, labour shortages abound. Government and business have responded to the challenge by hiring more women and more older men. After years of lagging behind Britain and France in terms of female participation in the labour force, Germany has almost caught up, with 54 per cent of working-age women in employment compared with 51 per cent in France and 56 per cent in the UK. For male workers aged 60-64, the result has been even more dramatic, with the employment ratio rising from 28 per cent in 2008 to over 50 per cent.

These reserves, however, are now being exhausted, just when the working-age population is set to fall. So more difficult problems lie ahead: encouraging people already approaching 65 to work longer, and pushing people of all ages to take a more flexible approach towards life-long training and retraining.

Employers hope a steady rise in the retirement age from 65 to 67 will extend working lives, especially with the spread of flexible-contract posts that appeal to older workers. The government this year tweaked rules to allow more pensioners to continue working part-time without suffering big pension cuts.

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Taken on: September 16, 2017

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Neil Moralee

Neil Moralee Nikon D7200

mature

man

retire

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work

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Sets appears in: • The Germans • Get a hat, get ahead more » • Street • Urban Pirates • Faces • Black & White « less

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Camera: Nikon D7200, f/6.3, 1/400 sec, 300mm (=450mm), ISO 4000 (more info) (hide info)

Camera:	Nikon D7200
Lens:	18.0-300.0 mm f/3.5-6.3
Aperture:	f/6.3
Exposure Time:	0.003 sec (1/400)
Focal Length:	300mm (35mm equivalent: 450mm)
ISO:	4000
Exposure Bias:	0 EV
Flash:	Off, Did not fire
Exposure Program:	Aperture-priority AE
Exposure Mode:	Auto
Metering Mode:	Spot
White Balance:	Auto
Gain Control:	High gain up
Contrast:	High
Sharpness:	Hard
Color Space:	Uncalibrated
Software:	Adobe Photoshop Lightroom 3.6 (Windows)
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