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this post was submitted on 20 Oct 2023
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How does their volunteering compare to the forty hour weeks they used to work, on average? How specialized is the work they do compared to what they used do do, on average?
When we remove the incentive for people to do something, they do it less.
Okay, so I do less computer programming for money, but it's still a hobby and I contribute to a few open source projects.
But here are a few things that wouldn't get done if I were still employed:
That's approximately where my list ends, but fellow retirees are helping less abled people stay in their homes and communities, showing up at social justice rallies, and a myriad of other things that are important both societally and economically. If it's judged to be less important than employment, it's also important to note that much of it wouldn't be societally affordable without our free labour, yet has profound impacts on quality of life.
And I disagree that removing incentives leads to less being done. External incentives, like paycheques, are probably the least effective incentives there are. Most people are motivated by passion, desire, contribution, and satisfying results.
How many times have you seen people hop to a higher paying job? And how many switched to a lower paying job?
And yet most people quit working as soon as they have the financial means to do so. How many of them spend 40hrs/week volunteering afterwards? People pursuing some hobbies part time is not going to sustain the financial necessities of a developed nation.