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These statistics are only in the U.S. whereas wages have been relatively stagnant across the whole globe with much better healthcare systems that aren't depende
by ntsplnkv2 9y ago
These statistics are only in the U.S. whereas wages have been relatively stagnant across the whole globe with much better healthcare systems that aren't dependent on work.
What benefits are Europeans getting instead of wages?
- prostoalex 9y agoMost European countries have aging populations, so it seems fair to assume that healthcare costs there are rising as well.
- joelthelion 9y agoWe're handling that mostly by increasing the age of retirement, not increasing labor costs.
- prostoalex 9y agoWho's handling the healthcare costs of the middle-aged workers not old enough to retire?
- walshemj 9y agoThey are in terms of NI (social security taxes) increases
- prostoalex 9y agoOk, so instead of money coming from the retirement system it comes from NI (social security taxes). How does it result in a drop in healthcare costs while the general population is aging? If a person has health issues at 68, and the retirement age has been just moved to 70, that person won't magically get a clean bill of health.
- Clubber 9y agoAnd immigration. The US would naturally be in population decline without that. Immigration is a two edged sword. On one hand, it removes jobs from existing citizens. On the other hand it funds social security (among other things) and negates problems with population decline.
- whyever 9y agoGermany has what I would call a better healthcare system, but how much you pay for it is coupled to your income. So it is not independent of work. In Germany the employer has to pay about half of the social security for their employees (this includes health, nursing care, pension and unemployment insurance). There are additional benefits in case of sickness or pregnancy.