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The Warsaw Voice » Special Sections » August 2, 2010
Education: MBA Studies
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Will We Be Working Longer for Our Pensions?
August 2, 2010   
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Europe’s aging population is an unavoidable and irreversible fact, but a positive one in that it results mainly from people living longer. The downside is that it also means major changes are needed in society.

In order to secure a reasonable income for themselves throughout their lives, people will have to work longer and save more. From the economic point of view it is obvious that it is impossible for people to live longer as pensioners, and at the same time work the same number of years and receive the same level of pensions as in the past. But Europeans are reluctant to acknowledge this fact. “If it was possible in the past why can’t it be the same now?” they ask.

Of course, the more educated people are, the better they understand why it is not possible. Highly qualified people are ready to accept the need for longer working lives. The problem is that less well qualified people are not so willing—especially as in a fast-changing world this also means people need to learn new skills throughout their lives. Frankly speaking, for most highly qualified and educated people this is not a problem at all. They do not see work as a “punishment for their sins,” but as an opportunity to fulfill their potential. I think that students at our Business School have no problem in accepting the fact that they will be working longer. The more educated we are as a nation, the more people there will be of this opinion.

Prof. Witold Or³owski, director of the Warsaw University of Technology Business School
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