In some parts of the world, there is a law to protect older employees from resignation due to their age. While this offers several benefits for both employees and employers, I personally believe that it can put the productivity of some industries at risk while challenging the job market with an increased number of younger workers, making this trend more negative.
On the one hand, imposing a strict regulation about keeping older workers regardless of their old age may have a number of promising benefits. First of all, aged workers who can manage to keep their work have a chance to earn more money for their retirement, ensuring their economic stability when they are unemployed. Even as long as they have their job, they can meet their needs without being reliant on somebody. As for employers, they may serve as complementary trainers who have in-depth knowledge as well as a broad worldview to teach new staff members how to tackle likely problems at work.
On the other hand, this situation has explicit and undeniable negative consequences that cause damage for some businesses. As some industries or even small companies rely on labor where the physical fitness level plays a crucial role, aged workers may mean decreased productivity. The car industry, which provides more than 400 million people with a decent job, would be the best example, as labor is mostly required in the main stages of car production. In that case, old workers cannot do these tasks as much as one young, strong employee does. In addition, a job market that is full of young and intelligent workers might struggle to ensure vacancies. As long as aged ones stay in their position, there will be no need to hire a new worker, while every year thousands of students graduate from university and try to guarantee a well-paid job. So, the more older workers retire, the more job opportunities would be available for younger ones.
In conclusion, despite financial and educational benefits, setting a strict regulation to force employers to keep their older employees may have possible side effects on both the productivity of some businesses and the increased number of young workers in the job market.