Not in the USA where the population is doubling in 50 years --- due to extremely high immigration rates. Plenty of jobs if immigration had any kind of control placed on it and that doesn't include the flood of jobs from the countries because of NAFTA and free trade.
Ending the retirement age or raising it somewhere over 70 would be the best thing they could do for us. Early retirement and sitting around doing nothing when you're still healthy and able-minded are the worst things you can do. Being productive keeps you young.
I hope you're not assuming that retirement means "sitting around doing nothing". Early retirees are the travellers; the people who volunteer (much needed now that most wives work); the people who can afford to take lower paying jobs such as social work; the people who are starting their own consultant businesses (and providing jobs for others); etc.
Early retirement is really a bridge between different stages of life. It's not the retirement our grandparents had (if they lived long enough to retire, that is)
FIRST thing we should do is raise all public sector retirement ages to 70.