11 ms·
You're still misunderstanding this point. It ins't about labor availability, but dependency ratio (people working vs. people not working).
by ucaetano 11y ago
You're still misunderstanding this point. It ins't about labor availability, but dependency ratio (people working vs. people not working).
- zanny 11y agoThis ratio is increasing regardless of mean population age. Automation is making even 20 year old prime-of-their-life human labor gradually obsolete.
- ucaetano 11y agoI wasn't clear. Dependency ratio doesn't depend on unemployment, but on people who CAN work vs. people who CAN'T work (elderly, young, sick, disabled, etc.).