> That's not so much an effect of years of hard work as it is that as you get older your capacity for hard work declines
Sure, if you're a programmer this might be true, but for most of physical jobs out in the world, the physicality of the job is literally tearing down peoples bodies one way or another.
> Also we already have government pensions
Yeah, so not "A job should trade work for cash and no more" but "A job should trade work for cash + pension" as pension is a social benefit.
> The economic effect of this is that workers have to wait years for some of their pay instead of getting it right now
No, the economic effect of this is that workers get paid for their work now, and the effect of that work in the future.
Sure, if you're a programmer this might be true, but for most of physical jobs out in the world, the physicality of the job is literally tearing down peoples bodies one way or another.
> Also we already have government pensions
Yeah, so not "A job should trade work for cash and no more" but "A job should trade work for cash + pension" as pension is a social benefit.
> The economic effect of this is that workers have to wait years for some of their pay instead of getting it right now
No, the economic effect of this is that workers get paid for their work now, and the effect of that work in the future.