4 ms·
Extreme economic incentives perpetuate odd socio-economic behaviour. Look at the Japanese greying population renting everything from fake family to a complete f
by itissid 9y ago
Extreme economic incentives perpetuate odd socio-economic behaviour. Look at the Japanese greying population renting everything from fake family to a complete fake wedding with the whole 9 yards[1](Yes Virginia there is a Netflix documentary on it as well[2]).
But enough about Japan. The dangers to India are very real.
- 1 million people entering the workforce every month due to demographics.
- 50% population engaged in agriculture providing 14% of the GDP.
- Difficult labor laws, swamped Judicial system makes for only technology intensive industries that employ fewer people.
It is a unique experiment in the history of Democracies where ~600 Million people need to be lifted out of poverty and into sustainable jobs. This has not been done before.
[1] https://www.theatlantic.com/family/archive/2017/11/paying-for-fake-friends-and-family/545060/ https://www.theatlantic.com/family/archive/2017/11/paying-fo...
[2] https://www.amazon.com/gp/video/detail/B06Y1JVLD4 https://www.amazon.com/gp/video/detail/B06Y1JVLD4