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db2: "At any rate, if older workers are dropping out of the workforce then shouldn't that create more opportunities for younger workers?"

I recently read somewhere that the answer to your question, according to most economists, is no. It's described as a variant of this fallacy:

Apparently you can increase the number of total available jobs by keeping older workers productive because that grows the economy and you can decrease the number of available jobs by retiring too many older workers too soon because that shrinks the economy.

It's apparently not a zero sum game.
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