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Glad you mentioned that. It can be very hard on the body, and for older people they will likely want to transition into ownership, or a supervisory or admin role...and those slots are limited.
We need to think about using technology to help people work less. Not just fatten profits.
It's such a hard topic to deal with because you have to tackle the concept of ownership.
As it currently stands in capitalist economies the owner, as the title implies, owns the means to increase productivity that would enable people to work less, but since they are the owners they see it is morally repugnant to have other people who did "nothing extra" get "more" money as the math is essentially: less work, same pay = greater value, except you didn't provide any greater value to them, the machine/technology that they own did.
It's a shitty situation for sure :(
Yup, this is all true. Worker cooperatives, unions, and expiring patents faster are all things that can help. None are a magic wand. But they make a difference.