Robert Reich and old people ‘clogging up the pipes’

Video of Robert Reich is here discussing unemployment and (updated) uses the lump of labor fallacy description:

Transcript:
>>and when we’re at a time when there’s so many people in their 50s who are unemployed and may not be able to get back into the job — the job market, I mean, it’s unlikely to happen, but wouldn’t it be a good idea to actually lower the eligibility for social security retirement?

>>It might be, Sam. In fact, a lot of people right now are saying that the eligibility age for social security retirement given the depth of our continuing jobs recession — and this jobs recession does continue — maybe should be lowered so that you create openings for younger people coming into the job market who right now don’t have a chance because there are so many older people clogging up the pipes, as it were.

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