HLTHAGE 1BB3 Chapter 9: 1BB3Chapter9Retirement
15 Dec 2015
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Retirement principle - the idea that a person leaves work at a fixed age, regard- less of mental or physical ability. Retirement wage - a pension paid by the state to support older people. Retirement allowed companies to retire older, skilled workers and hire younger, less-skilled workers at lower wages. Companies, using a philosophy of scientific management, sought to speed up production and get more out of their workers. Unions offered to have workers work faster if companies reduced the workday, but a faster pace of work made it hard for older workers to compete with younger workers. Canada"s early old age assistance program, gave only the poorest older people a small amount of money to help them survive. The u. s. government based the program on the english poor law notion of less eligibility. this rule held that assistance should relieve poverty, but should come to less than the lowest working wage.
