The Limited Times

Now you can see non-English news...

Longer working hours needed to keep working population, says World Bank

2023-03-27T15:54:24.953Z


Faced with the increase in life expectancy, it is necessary to push back the retirement age, estimates the chief economist of the financial institution.


The chief economist of the World Bank (WB), Indermit Gill, estimated on Monday that, faced with the increase in life expectancy, raising the retirement age was necessary in order to maintain the share of the working population despite aging.

Taking the example of France, Indermit Gill recalled that there “we

have seen a 20-year increase in life expectancy since 1950, so we should expect people to work longer

”.

A sign, however, of the difficulty in having what he sees as a necessity accepted, “

people refuse to work even two more years despite this two-decade increase in life expectancy

”.

"

We are seeing a slowdown in the share of the working population

" in the overall population of advanced countries, while maintaining this share makes it possible to "

reduce the effects of aging on economic growth

".

Read also Pensions: transport, education, energy… What disruptions to expect this Tuesday, March 28?

A deep movement of protest

"

But for that, someone has to make the necessary structural reforms

," ​​said Indermit Gill.

Definitively adopted on March 20 without a vote of the National Assembly, after the use of article 49-3 of the Constitution by Prime Minister Élisabeth Borne, the pension reform, which provides for a decline in the legal retirement age aged 62 to 64, is the subject of a deep protest movement which has further hardened for more than a week.

President Emmanuel Macron must however wait for the Constitutional Council to validate the text before promulgating the law.

Its adoption led to a radicalization of part of the opposition to the reform, with almost daily clashes between the police and certain groups of demonstrators, in particular in Paris and in certain large cities.

It also gave a boost to the mobilization, between 1.3 million, according to the police, and 3.5 million people, according to the unions, participating in the rallies throughout the country on Thursday March 23.

A new day of mobilization is scheduled for Tuesday, which should be marked, once again, by a strong turnout.

Source: lefigaro

All life articles on 2023-03-27

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.