Invigorate the economy by splitting economy by age groups

My proposed model of a separate older workforce provides the economy with a new pool of lower cost and short term workers. These workers may be older but due to advances in healthcare and public health, these are generally very healthy and capable workers. They can provide the labor for the more risky ventures that occasionally may succeed into building new industries that can eventually employ the more strictly governed younger workers.

Imagining parallel economies divided by age cohorts

In this imagined economy, the notion of retirement will change fundamentally. Instead of defining retirement as an ideal of a life of leisure to strive for by working as long as possible, retirement is a transition from the young population to the old population. The older population may continue working indefinitely but no longer under long-term employment arrangement. The work will be short duration contracts that may require frequent retraining to prepare for future work.

Adapting to modern aging populations: government of two cohorts

The other government has a minimum voting age of 55. Upon reaching this age, a person can voluntarily participate in this part of government but when he does he forfeits his participation in the first government. Participation in this government should offer many advantages that will encourage this switch in participation. This government is responsible for all of the entitlement and personal benefit programs of the government. These are expenses unrelated to the operation of the government. Instead it is focused on the welfare of the people. While this will include welfare for younger adults, the bulk of the benefits will go to older people. This government will also be responsible for servicing all of the government debts, including operational debts likely incurred when the voters were younger.

Pursuit of happiness

One of the goals of setting up the US government is to provide a high degree of freedom for citizens to pursue their own goals. ¬†Over the ages, the democratic process has done a good job in adapting to gradually changing definitions of what kinds of activities should protected. ¬†Democratically, the goal of happiness is…