They are more likely to be following the maxim, "Live longer, work longer," but how much work do they actually do? Being "self-employed" may seem preferable to being "retired" and definitely better than "unemployed," even if many of the self-employed are in tiny jobs, working only a few hours a week. In truth, some may be happy with that, but not all are.
During the miserly search for a journo job I held down a nannying job as well as poking my way through different freelance gigs. I didn't get it. I was freelancing, actively applying my training and doing it but I didn't manage to get an actual in-house job. Freelance is a schizophrenic lifestyle, symptomatic of a range of highs and gutter lows.
"It seems a muddle", I wondered aloud after he presented the Bank's latest outlook for the economy. What was his response? He glowered, and shot back: "You're muddled, I'm afraid." Sitting at his side, deputy governor Ben Broadbent duly chuckled at Carney's catty response. I was almost surprised he didn't offer a saucer of milk.
This is a perfect storm scenario. Countries such as the UK, with a history of dominance and empire and educational excellence, need to look beyond the obvious. The world is going to be a very different place in just a couple of decades. Economic and cultural hegemony is not a birthright and can easily shift to the east throughout this century.
It wasn't until the end of the shift that one of the girls I was working with let it slip that I wouldn't be getting paid for my time. Yes, that is correct. Aside from a few pounds in tips, I wasn't getting compensated or my time. I might as well just have spent the evening engaging in my normal routine of obsessive cleaning and reality television.
Leaving aside how horribly low UK benefit payments are, when people can have their income removed and be thrown into penury for missing a single meeting (regardless of the reason), for applying for 34 jobs in a week rather than 35, not to mention the fraudulent activities of some jobcentre staff, the value basis of the system has been subverted and justifies its abolition.