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> However if the pyramid gets flipped where you have way more elderly and retired who need to be sustained financially and need care the system starts to collap
by admissionsguy 4y ago
> However if the pyramid gets flipped where you have way more elderly and retired who need to be sustained financially and need care the system starts to collapse.
It is true that the system as currently set up does not cope with inverted population pyramid. Do you change the system or try to force the pyramid to re-invert? Why all the focus seems to be on the latter?
Fundamentally, disregarding for a moment how financing mechanisms are set up, what % of working people does it take to support a population?
- JumpCrisscross 4y ago> what % of working people does it take to support a population This depends on the quality of life for the non-working.
- NerdiOrg 4y ago...and the number of people working. Hence the need to either sacrifice the old, or make more babies.
- JumpCrisscross 4y ago> sacrifice the old, or make more babies Or raise the retirement age or cut retirement benefits or increase productivity or immigration, et cetera. The solution space is vast, which is why this is a problem, not a crisis.
- RestlessMind 4y ago> Why all the focus seems to be on the latter? Because the later has been tried and tested for thousands of years of human history - young caring for the old. This "change the system" option would be worthy of exploring if there was a fleshed out proposal on the table.