A crucial reality check for all Germany’s politicians eager to hand out even more retirement benefits: They need to ensure that the – already staggering – financial burden carried by the younger members of the workforce will not rise even more.
Keeping young people motivated and willing to carry their load is of paramount importance and will be difficult enough. Any further increase may be the straw that breaks the proverbial “camel’s” back.
That’s the gist of an op-ed by Werner Eichhorst, IZA Director of Labor Policy Europe, published in Fortune [read entire article].