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The Inquiry

Will Europe’s young workers have to pay more for the old?

The Inquiry

BBC

News Commentary, News

4.61.7K Ratings

🗓️ 20 April 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

Recent protests in France oppose plans to raise the retirement age from 62 to 64.

The demonstrations stem from a government plan so people would work -and pay into the pension system - for longer. There’s also concern about what that change might mean for those who are many decades away from pension age. France isn’t the only country facing economic efficiency challenges as populations age and leave the labour market. As more people leave Europe’s labour market, will young workers have to pay for the old?

The Inquiry hears also about the productivity challenges facing Spain and Germany.

Anne Elizabeth Moutet is a French columnist for the Daily Telegraph newspaper Bart Van Ark , Professor of productivity studies at the University of Manchester Prof Marcel Jansen, an economist from the Autonomous University of Madrid Stefano Scarpetta is Director for Employment, Labour and Social Affairs at the OECD

Presenter Charmaine Cozier

(Protesters at the rally against Macron's pension reform, Paris, France. Credit: Telmo Pinto/Getty Images)

Transcript

Click on a timestamp to play from that location

0:00.0

From global current affairs to art, science and culture,

0:05.0

the documentary from the BBC World Service tells the world's stories,

0:10.5

search for the documentary wherever you get your BBC podcasts.

0:16.5

Welcome to The Inquiry, I'm Charme Encosia, each week one question,

0:21.0

four expert witnesses and an answer.

0:25.0

January the 19th, 2023, more than a million people are protesting across France.

0:37.5

Members of the country's biggest unions are also on strike.

0:41.5

Uncollected plastic bags of rubbish spill out of overflowing bins onto the streets.

0:46.5

Public transport is disrupted, schools are closed.

0:55.0

Four months later, the civil unrest continues.

0:58.5

Protesters and police clash, public buildings are targeted.

1:02.5

A state visit by the British Monarch, King Charles III, is postponed.

1:09.5

The demonstration stem from a government plan to raise the retirement age from 62 to 64,

1:15.5

so people would work and pay into the pension system for longer.

1:20.5

There's also concern about what that change might mean,

1:23.5

for those who are many decades away from pension age.

1:27.5

France isn't the only country facing economic efficiency challenges

1:31.5

as populations age and leave the labour market.

1:36.5

So this week we're asking, will Europe's young workers have to pay more for the old?

1:44.5

Part 1, the trade-off.

1:50.5

The younger workers are the ones who feel that they're being ripped off.

1:57.5

Anne Elizabeth Moutet is a French columnist for the Telegraph newspaper.

...

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