Show Eco economic homic highlights the problem ot of providing tor for the elderly part of our population tie has hal 0 become a very difficult and one it will become much more serious as time wears on for dye due to the progress of medical science and othey reasons the percentage of those enst st 66 Is rising with great 11 ll r rapidity p edity even now herbert hoover said in a recent address wo we shave less than providers in this group persons age aged d 20 to 66 65 and they must provide ida tor for children aged sick nonproductive go government vern workers and their wives it Is solely from the ahe energies of this middle group their inventions and their that c can in come coma the support of the young the old and the sick and tait 1 government workers how to deal with the eldery has been commanding ehfe intense attention of industry and ohp labor unions the unions have aty D concentrated on an effort to gain retirement pensions tor their members of or more a month Illo nth social security payments ants included they have signed a number of highly favorable contracts nota notably bly with U S steel chrysler and general mo tors according As ro arding to walter reuther they hope in 10 years to to make a month the standard stanard pension however whether I 1 or not this occurs few believe be lieve that such pension plant plans are anything like a complete solution for one tiling the majority of workers are not unionized and its hardly likely that they would be willing to do without adequate pension while a relatively small group reaped the harvest for another no one has yet figured out a way by which the thousands of 0 smaller bu bustnes sines ses sea ot of country could guarantee an acceptable tension pension plan for still another even when large companies are involved thoro there are great complications and imponderables the state of business in tho the future how many employed emp loyes will die or resign or otherwise become inell gible before reaching retirement are ago how long the average pensioner will ellve what the Invest investment me nt yield will be on funds set aside tor for pension purposes what rule lulea to est establish ablIA to determine ins tho the benefits various classifications of workers ire are entitled to and so on nor can we yet be sure how much pension plan will add to the cost of a companas comp anys product on the debit side ride it may increase the labor cost coat of each em aloye by 10 cents or more an hour on the credit side however as the treasurer of eastman kodak has pointed out there are definite savings the organization is kept on a moro more efficient pasts basis A sense of security Is brou brought to the older worker and there 11 is a good effect on the younger worker as well there 1 la Is a better feeling among the employed emp loyes and in the labor wll will be lower so much tor for ohp pros proa and irions no basically the problem to Is to hid a dav to assure theold 9 a comfortable for table retirement rement without do pr pressing easing the econ nomy forcing commodity prices to ever eter baglier levels ard and mackling ithe burden of taxation houp erable |