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Seems like a completely valid social trajectory. I don't get why it is considered so grim. > "The government has taken steps to keep older workers in their job
by therealdrag0 9y ago
Seems like a completely valid social trajectory. I don't get why it is considered so grim.
> "The government has taken steps to keep older workers in their jobs longer, and to encourage companies to invest in automation."
> "Individual Japanese will not necessarily be poorer just because the economy is smaller."
Sure there will be shrinking pains, but it doesn't seem like a catastrophe. Seems like it will ease more responsible use of our space and environment.
- tanilama 9y agoYoung are fewer and fewer, there will be few tax income to pay pension to the old people, thus, the government either slash the pension or raise tax. And it is death spiral anyway. Japan's good days are indeed numbered. The breakpoint will come, and I would predict an huge exdous of young people leaving Japan, because they don't want to spend their whole life working for older generation then finding there will be no one for themselves.
- mistermann 9y agoBut where will they go as the same thing will be happening to most western countries as their tax base is hollowed out due to the failure of largely trust based basis of their taxation systems, and as more and more economic activity has moved overseas or under the table, and profits stored outside the formal system?
- tanilama 9y agoThere will be countries that will die later.