This is what happen when a society practices utopia for decades and it (shock) never materializes. They simply can’t upkeep the old folks, so keep them at work till they’re 75, then perhaps they won’t have to shell out public money needed for their upkeep… for long. Private investments in banks would have been the way to go, not the government’s welfare state, which sees, tax and spend, as the only way to grow an economy.

NOTE: And this does nothing to help the unemployment of the young either. Oh, and it will hit here in Finland as well, which pretty much photocopies everything that the Swedes do. Utopia wherever it’s tried, fails, miserably.

Swedish PM wants people to work until age 75

Swedish Prime Minister Fredrik Reinfeldt wants people to consider working until age 75 and employers to be open to hiring those over 55, he said in an interview Tuesday. The conservative, who heads a centre-right coalition, said Sweden’s generous welfare state and pension system would not be sustainable with an ageing population unless people worked longer.

In an interview with the Dagens Nyheter daily which sparked a strong reaction from labour unions, he said attitudes needed to change and employers needed to start viewing those over 50 differently. “To hire someone who is 55 who says ‘yes, I plan to work until I’m 75’ — that’s 20 years, that’s a very long and interesting employment relationship compared to a person who at that age plans to start winding down in five or six years,” the prime minister said.

Sweden has a flexible retirement age, where workers can begin drawing on their pension at 61 or keep working until 67. Of Swedes over 65 years old, 7.8 percent were employed in 2010, says Statistics Sweden.

More here.

10 Responses

  1. Wow, 75! Here in the Netherlands it was a big deal when they started talking about working till 67 (it was 65 before, it will go up to 66 and after a number of years to 67). So how much money do the Swedes spend on their welfare state compared to other welfare states? Anybody?

    1. I guess the best way to discern it is to get their GDP and get the states’ percentage of it. I bet it’s around 35%.

      UPDATE:WIKI: “As of 2007, total tax revenue was 47.8% of GDP, the second highest tax burden among developed countries, down from 49.1% 2006.[124] Sweden’s inverted tax wedge – the amount going to the service worker’s wallet – is approximately 15% compared to 10% in Belgium, 30% in Ireland, and 50% in United States.[119] Public sector spending amounts to 53% of the GDP. State and municipal employees total around a third of the workforce, much more than in most Western countries. Only Denmark has a larger public sector (38% of Danish workforce). Spending on transfers is also high.”

      So I guess that I low balled it!

      1. Sooner or later they will have to work until age 120! Just as the Swedes know how to make multiculturalism work, they will proof us that they know how to handle their welfare state 😉

  2. Could this be an illustration of seniors taking it in the shorts in order to keep the entitlements pipeline flowing to the “young” (i.e. the replacement immigrant population)?

  3. So the world-famous swedish welfare system begins to crumble. This reminds me of an article from Fjordman. Here an excerpt: “Iranian Nima Sanandaji tells of his family’s meeting with the Swedish system: “In Sweden my family encountered a political system that seemed very strange. The interpreter told us that Sweden is a country where the government will put a check into your mailbox each month if you don’t work. She explained that there was no reason to get a job….Although my mother got several jobs, we concluded that this really didn’t improve our family’s economy. During the sixteen years we have been in Sweden, my mother has in total worked less than one year.”

    This tells everything, I suppose…

  4. This is what happens when the indigenous population is expected to support the colonists, I mean muslim immigrants who drain the country’s welfare system instead of integrating & working like everyone else. If the Swedes are this stupid then they deserve everything they get. Who in their right mind imports people who have to be supported, who don’t integrate, who breed like (deleted) , who drain the welfare system and who’s main goal is to eventually take over the country the indigenous population worked hard to build? Can you say (deleted)?

    EDITORIAL NOTE: I have to maintain some degree of decorum here.

    1. Apologies. I thought I was keeping a lid on it and I do get quite passionate when my freedoms are at stake, as you can see.

  5. Oh , and can you say STUPID, really, really stupid if the Swedes can’t see what’s happening to their country.

  6. But it’s WORSE than that because Sweden is ALSO supporting the PA payroll including terrorists prisoners in Israeli jails. AND the grant money also ends up in Hamas-run Gaza–and we all know that Hamas is defined as a terrorist by the EU. So, Sweden is supporting imported non-labor, and terror abroad. In American jargon, they are playing home and away at the same time.

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