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> The UK pension system is one of the worst in Europe. If it was ever to be substantially improved you will definitely hear about it. I assume you just mean th
by cameronh90 4y ago
> The UK pension system is one of the worst in Europe. If it was ever to be substantially improved you will definitely hear about it.
I assume you just mean the state pension here. Occupational pensions have long been a significant part of our pension system that tends to get ignored. The auto-enroll workplace pension introduced in 2008 seems to have been very successful too.
Overall, if I remember correctly, the UK actually has the second total pension assets in the OECD, and one of the highest per capita.
- lotsofpulp 4y agoIt does not really matter what the assets or number representing the assets are. The problem that countries with decreasing proportions of young and working to old and non working populations are that automation is not close to changing bedpans yet, so there is decreasing supply of units of labor and increasing demand. This was mitigated for a few decades with the import of foreign labor and automation, but presumably this is no longer happening at a sufficiently rapid rate to be able to prevent labor prices from rising. Also, who really wants to change bedpans? So the political question is: Who in society is entitled to the decreasing amount of labor and how will it be divvied up?
- ben_w 4y ago> automation is not close to changing bedpans yet I find it remarkable that this is the metaphor of choice, given that bedpans are merely the final remaining situation where chamber pots have not been replaced with mechanism-clearing flush toilets.