Companies should encourage employees who work in a high position to leave at the age of 55 in order to give the opportunities to the new generation. To what extent do you agree or disagree with this opinion?

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Companies should encourage employees who work in a high position to leave at the age of 55 in order to give the opportunities to the new generation. To what extent do you agree or disagree with this opinion?
Nowadays, young adults struggle to secure senior corporate roles, often having to wait patiently for older employees to step down first. While prompting the latter to retire at 55 years old will benefit the younger generation, in the long run, the company and the economy will fare worse.
On one side, young people, who are frustrated by their slow career progress, will be motivated to work harder by being granted fresh opportunities to prove themselves. Being more dynamic, they are usually keen to adopt new trends, in turn, enabling their company to move at a faster pace. A good example is the founder of Facebook, who has already built a financial empire in his 20’s. Also, by being able to garner extensive work experience from an earlier stage of their career, these individuals will be an invaluable asset to their company in the future.
However, years of experience by senior employees are wasted if they leave the corporation at 55 years old. Moreover, young people may take unnecessary risks in their rush to revolutionize their workplace. Coupled with their relative immaturity, they may bring their company to its knees before even being able to achieve their initial goal.
Moreover, with most developed countries hit by a greying population, retirement at 55 years old will weaken the working force further. Younger employees will be putting more hours of work to support a surging pension burden. As society ages further, they will later be the recipient of a dwindling fraction of the same retirement benefits they help to contribute to. Therefore, urging healthy 55-year-old to put an earlier stop to their career is most likely to trigger an economic slowdown.
To conclude, advising older employees to retire at 55 is an unwise and impractical decision given the current economic situation. Instead, youngsters should learn the value of hard work and experience the various twists and turns of a working life before being promoted to the top, in a similar manner as their elders did.

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Fourth Root of Number of Words: 4.269 4.7
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