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It's a problem for governments because it will expose the ponzi-scheme nature of their social welfare programs.
by throwawayboise 6y ago
It's a problem for governments because it will expose the ponzi-scheme nature of their social welfare programs.
- Gibbon1 6y agoWhen I look at projections for Japan what I see is over the next 20 years the percentage of people over 65 goes from 28% to 38%. And then just stays there. So the end point is 1 out of 2.5 people are retirement age or more likely doing light work. And one out eight are children or teenagers. If you go back to the high population growth years you can probably swap the percentages of children vs elderly. Leaving you with 50% of the population in the workforce. Society certainly didn't exactly fall apart then.
- imtringued 6y agoThe fundamental problem is that your savings are worthless if no is one offering their labor for money. You need to maintain a working population to take care of the elderly.