The only solution to the jobs problem is lower the Soc Sec age to age 50.

[mythology]

78. What proof is offered that this plan would work?

It wouldn't be that hard to provide at least a basic outline of how the economics of this would work, well except for the fact that the math won't even remotely add up.

There is evidence that increased employment of older workers is associated with a increase in the employment statistics of younger workers. Since Social Security isn't designed to fully replace one's pre-retirement income, it only makes sense that those older workers who would retiring at 50 in this suggestion would have less money to spend and thus generating less economic movement. It's the same reason why giving a tax break to a multimillionaire doesn't have the same economic impact as spending on infrastructure. The original post's suggestion would have the end result of taking money out of the economy from people who would spend it.

http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Reports/Economic_Mobility/EMP_retirement_delay.pdf

http://crr.bc.edu/wp-content/uploads/2012/09/IB_12-18-508.pdf

http://online.wsj.com/news/articles/SB40001424127887324049504578543603704083428

Yes in theory as workers become more efficient, there will be fewer of them necessary to do some jobs. But when we got to the point where not everybody was needed to do the farm work and people had spare time we started creating art and technology. Today people can create apps for mobile devices, create podcasts or work/volunteer with a non-profit, even one across the world from their home. There won't be a shortage of things to do because doing nothing is boring and people don't like boring. It's entirely possible to turn one's hobbies into profitable ventures with hard work and luck.