I'm not sure why you think a person should only be paid enough to live paycheck to paycheck until old age and then drop dead because that's what it sounds like you're hinting to. If you've been working for decades then obviously you earned it. Like Randy. It sounds like you're saying I'm going to have to pay for poor old lazy Randy Ubilos since he's retiring at 50.
The fact of the matter is he was paid a good salary for his work. Would be nice if standards were raised to where more workers were paid a larger share of profits made by companies.
If you read the guy I was quoting, we're past talking about Randy. I know he's not going to have any financial problems for the foreseeable future.
Everyone should work 24 hours per week and retire when they're 50.
Sorry to say it - that's just idiotic and plain stupid. If you know just a tiny bit about economics, you would know this would be a major disaster. Take a look at Southern Europe. They have been using a lot of this model for years and Greece, Spain and Italy (love that country by the way!) are close to bankruptcy! It's not a solution to just tell people to do less just because we have unemployment.