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And how is that a problem? As long as productivity grows at same rate as workers/pensioners ratio, the portion of gdp that should go towards retired ppl remains
by demosito666 7y ago
And how is that a problem? As long as productivity grows at same rate as workers/pensioners ratio, the portion of gdp that should go towards retired ppl remains constant.
- magicalhippo 7y agoThat productivity will have to come from automation, and a robot doesn't get a salary so doesn't have to pay income tax. So that'll have to change if you plan on using the productivity growth to fund pensions, no?
- okr 7y agoYou might not need a pension if you have a robot that is highly productive towards you. Everything might be so cheap. All the externalities that one needs to pay for a lot today, might be vastly available tomorrow. I think it is hard to predict the future.
- dharma1 7y agoThis is an interesting thought experiment. I think it's conceivable the cost of many things one needs would fall as a result of automation - but there are many things which have limited supply and that there would still be competition for, many of them consumable - so you would still need a source of income for these.
- demosito666 7y agoEither that has to change, or taxation in general has to change. If 10% of your population can produce enough goods for everyone and yet the nation is struggling with providing pension for 40%, this means that the problems do not lie in the economic plane. It gets messy when multiple competing countries are involved though.