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Age inequality: Marxism - Coggle Diagram
Age inequality: Marxism
Reserve Army of Labour
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Both the young and the Elderly can be exploited for cheap labour when the economy is booming easily lived and fixed
for example, many young and old take up zero hour contracts, only working when their employees need them
as the need for income post - retirement as grown, so as the of the elderly
as a reserve army of labour
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it fails to recognise difference in the way people experience age, e.g. class or gender
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Phillipson argues that the elderly often been used in this way many will need extra income post- retirement
Vincent
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it makes unemployment appear lower, and it also channels profit into the hands of financial companies who sell private pensions
he argues that the media attention on the 'ageing population' is a moral panic to divert attention from the structural flaws and underlying problems of capitalism
example: a fair welfare state, or climate change. these involve costs to businesses, so capitalists would rather not let people focus on these
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it could be argued that capitalism would be better served without a retirement age, so they would have a larger pool of the workers
postmodernist argue that the elderly are active consumers with deal of influence, they aren't passively exploited by capitalism
Neo Marxism
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by institutionally marginalising the elderly, it keeps its workforce younger and therefore more productive.
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fails to acknowledge that the political economy is geared in favour of the elderly in many ways e.g. 'grey vote' and 'grey pound'