this post was submitted on 13 Sep 2024
95 points (97.0% liked)

news

23537 readers
730 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today/ . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 4 years ago
MODERATORS
 

The retirement age will be raised for men to 63 years old from 60, while for women in white collar work it would be raised to 58 years from 55. For women in blue collar work it will be increased to 55 from 50.

The changes are set to come into force on Jan. 1, 2025 and be implemented over a 15 year period.

Having people work for longer would ease pressure on pension budgets with many Chinese provinces already reeling from large deficits. But delaying pension payouts and requiring older workers to stay at their jobs longer may not be welcomed by all of them.

TFW you combat liberalism and lose

you are viewing a single comment's thread
view the rest of the comments
[–] Xavienth@lemmygrad.ml 9 points 1 month ago* (last edited 1 month ago) (1 children)

It's less about constant growth now and more about maintenance. As of last year, China's population is declining, meaning over time, their population will be weighted towards the elderly.

[–] plinky@hexbear.net 9 points 1 month ago (1 children)

Lets say new births stopped in china and everyone under 20 is killed. Every year out of 20-60 (working age cohort) 2.5 percent will retire. If your economy growth is 5 percent you are still golden on maintenance front for like 5-7 years.

New births have not stopped nowhere nearly that badly

[–] Moonworm@hexbear.net 4 points 1 month ago (1 children)

Lets say new births stopped in china and everyone under 20 is killed.
If your economy growth is 5 percent you are still golden

What a hypothetical

[–] plinky@hexbear.net 3 points 1 month ago (1 children)

Because people under 20 only consume (in the social necessary sense), should i make graphs by taking current birth rate+demographic distribution to show that with increasing labor productivity raising retirement age is a pro-porky move to suppress wages?

[–] GarbageShoot@hexbear.net 3 points 1 month ago (1 children)

Is it really true that teenagers don't work in China? I admit that I'm ignorant but surely that can't be right, even if it's just uncompensated labor like helping with the family business or something.

[–] plinky@hexbear.net 4 points 1 month ago

but like realistically what percentage of people work? Say they all work after 17 (thats ignoring universities, whatever), and 20 % of petit bourgeoisie get help from 14 years old children, thats like average age of work start of 16.4.

I dunno, i find weird seeing working 16 year olds, aside from, as you said, manning small shops, maybe

(but i was being flippant for sake of round numbers).