France Raises Retirement Age. Should We Do The Same?

In France, the retirement age is going up from 60 to 62, a move that has incurred many protests.

The 336-233 vote in the National Assembly was a victory for conservative President Nicolas Sarkozy, who has stood firm despite the protests – a stance that has resulted in his lowest approval ratings since he took office in 2007.

The opposition Socialist party, which spearheaded the parliamentary battle against the bill, called its passage “a great disappointment for the French people, who overwhelmingly rejected this … profoundly unfair text.”

Is the Socialist part in France crazy to protest, and should we raise the age here, too?