China to raise retirement age for first time in decades as demographic crisis looms
Lawmakers approved the draft proposal Friday, as the world’s second-largest economy struggles with falling birth rates and an aging workforce.
China said Friday it would raise its retirement age for the first time in decades, as the world’s second-largest economy struggles with falling birth rates and an aging workforce.
The country’s top legislative body approved a draft proposal to gradually implement the changes, state media reported Friday. China's retirement ages are among the lowest in the world and had remained unchanged since they were set in the 1950s.
The statutory retirement age for both men and women will be gradually increased starting Jan. 1 of next year, according to the decision by the Standing Committee of the National People’s Congress. Over a period of 15 years, it will be raised from 60 to 63 for men, 55 to 58 for women in white-collar jobs and 50 to 55 for women working in factories.
How marxist-lenninist of them...
https://en.wikipedia.org/wiki/List_of_countries_by_number_of_billionaires
China - 406
Right??????
Fucking hell.
The french are throwing a hissy fit over that issue. The younger working class has to sacrifice their retirement because "the economy". Meanwhile you got rich assholes parading on their huge yachts in St-Tropez and the French Riviera thanks to the money they make from dodging taxes.
sink the yachts
Speaking of which. I recently visited Monaco and the French Riviera and the account of wealth and opulence has radicalized me. As if the cost of living wasn't enough to do so already.
I could write a book about how mad I am at our governments who enable these rich fucks while asking the rest of us to make sacrifices. .
Unlike in Capitalist countries, China's billionaires don't have much political power and actually face consequences for things like corruption, etc.
Unlike capitalists countries, corruption is proudly displayed and encouraged. The fact that a few bougie billionaires were crushed and kidnapped for crossing the party. Not corruption. Billionaires themselves are a corruption inherently. That you believe bourgeo-xi unquestioningly and the party unquestioningly is extremely sad.
Where have they said they support xi unquestioningly? "Don't let perfect be the enemy of the good!" We hold our own to that standard, and won't allow it to other people, in their own nation?
Heaven is high and the emperor is far away.
But not anymore, now the emperor watches you, always, through his silicon servants. There is no freedom from his gaze, anywhere.