How to Fix Social Security

[Schneed10]

Originally Posted by GTripp0012

If a statistically significant supply of poor elderly workers arises, won't businesses respond by creating more low cost jobs that can be filled by this skill set? Isn't that what economic theory suggests?

If we have a seemingly endless supply of the elderly willing to work for minimum wage to support their retirement, that seems like it would be economically beneficial.

On a humanitarian standpoint, that's probably a less-than-ideal way to finish ones working years, but at least it would serve as a model situation to be avoided for younger generations.

No, that's not what it suggests. Businesses will only add those employees if they think that consumers show a DEMAND for new products/services. If the demand is not there, there is no incentive to add workers.