The Ministry of Human Resources and Social Security's 'Regulations on Over-Age Workers' will take effect next month. Right now, the most miserable group is the 80s/90s generation of workers. Can’t compete with the energy of young people, and can’t compare with older folks who don’t have to pay social security. In Shenzhen, for the same 3,000 yuan take-home pay, hiring young people costs companies as much as 4,774 yuan These older folks not only get to enjoy the pensions funded by young people, but they didn’t even contribute much before retirement Feels like the whole society is just squeezing every bit out of the 80s/90s generation