4 ms·

It would be quite a dilemma to choose between the livelihood of my dependent family and the opportunity to make more money elsewhere. What have been the solutio

• whatever1 5y ago
  There is no solution. Significant percentage of qualified youth is migrating to Northern Europe or US where there is short supply for high skill labor (doctors, engineers etc), the rest are just coasting with their families. Weddings and birth-rates are also plummeting, which indicates that youth also have low confidence about their future. The reason that this structure exists is that older generations accumulated wealth in an era that economy was roaring, and the state was able to provide ample support (free higher education, healthcare, high pensions). This cannot be sustained with the current stagnant economies. Only solution that I can think of is to embrace immigration, & impose tarrifs to imports from Asia, to restart low cost manufacturing & large scale agriculture in the south. This will also make available positions for high-skilled labor (engineers, mbas etc). The uglier possibility is that the states collapse due to their unsustainable welfare policies, and everyone goes back to their fields for digging.