Peter F. Drucker Boxed Set (8 Books) (The Drucker Library)

CHAPTER EIGHT

After Fixed-Age Retirement Is Gone

NO FORECAST I EVER MADE was greeted with greater derision than the prediction in the spring of 1976* that in another ten years, that is, by the mid-eighties, mandatory retirement age in America would be pushed beyond age sixty-five and that mandatory retirement at any fixed age might altogether be abolished.

Then it was believed almost universally that retirement would soon become mandatory at an earlier age than sixty-five, for the labor unions then were pushing hard for forced early retirement—at age sixty or, at the latest, age sixty-two.

Yet, within fifteen months after my book appeared, mandatory ...