This brings to mind a quote by the American comedian, Groucho Marx, who died almost forty years ago: “Why should I care about future generations? What have they ever done for me?” But retirement at 63 is not only a step in the wrong direction in terms of our demographic challenges.
In the short term, it also means that workers who are still needed in the labour market are retiring. The shortage of skilled workers is already inhibiting growth in many regions of Germany. Companies in the Rhine-Main region now also appear to be expressing support for bonuses for workers who find them new employees.