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I agree with the economic implications. Countries that experience an ageing population need to face the fact that they either have to raise taxes considerably,
by manfredo 8y ago
I agree with the economic implications. Countries that experience an ageing population need to face the fact that they either have to raise taxes considerably, or reduce the care and benefits they extend to the elderly.
I also disagree heavily with the last paragraph. Creating disincentives for automation is the last thing a country needs when its workforce is shrinking. Automating jobs is a way of expanding the amount of labor available without actually needing more people in the work force. If anything, countries that are experiencing a population decline need to invest in more automation to maintain their economic output.
- amanaplanacanal 8y agoThe US doesn't work that way. Taxes and spending have only the loosest correlation. As long as the US Dollar is the worlds reserve currency, it appears there doesn't have to be anything connecting the two. Someday, though...