I guess the question is what age should a person retire? For those of us born after 1960, retirement with full benefits, is age 67. Technically, you can retire at age 62... and draw a percentage. (Bonus, if you can wait till you are 70, you get an even higher multiplier).
Most people don't have savings like they should. There are older folks who are gobbling up jobs tat were historically what younger kids would work. Those benefits are not large sums, so one could imagine someone working into the late 60's to maximize the actual retirement cash flow.
For those who did save... likely don't need to start pulling benefits early.
Over all... wages rise if there is competition for talent. Even if it is on the low end of entry level jobs. If there should be so many low end jobs, without 'normal' benefits... is another really good question.
Most people don't have savings like they should. There are older folks who are gobbling up jobs tat were historically what younger kids would work. Those benefits are not large sums, so one could imagine someone working into the late 60's to maximize the actual retirement cash flow.
For those who did save... likely don't need to start pulling benefits early.
Over all... wages rise if there is competition for talent. Even if it is on the low end of entry level jobs. If there should be so many low end jobs, without 'normal' benefits... is another really good question.