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Jobs

If Hong Kong’s elderly rejoin the workforce, where would that leave young jobseekers?

PUBLISHED : Sunday, 29 April, 2018, 11:02am
UPDATED : Sunday, 29 April, 2018, 11:01am

I am writing in response to the article, “Older Hongkongers still have much to offer in the workplace”(April 24). I take a dim view of encouraging and helping those aged 65 to 74 to re-enter the job market.

The life expectancy of Hongkongers is increasing, and so it has been suggested that we raise the retirement age. However, I feel that extending the retirement age up to 74 years is too extreme.

Raising the retirement age will mean that the Hong Kong government, and other employers, will have to shoulder extra health and medical insurance costs for the older workforce. There may be health risks involved, which could increase budget expenditure.

In addition, there may not be enough jobs for both the elderly cohort and fresh graduates. If some of the elderly jobseekers have more talent and related experience, it would limit the social mobility of younger workers, as they might find it difficult to find a suitable job.

Therefore, I do not think Hong Kong should encourage people over 65 years of age to come back into the workforce.

Laura Liu, Kwai Chung