3 ms·
And that's why replacement rate (including immigration) is important to the stability of society. With a dynamic value (exponential growth or decay) we struggle
by maerF0x0 3y ago
And that's why replacement rate (including immigration) is important to the stability of society. With a dynamic value (exponential growth or decay) we struggle to properly predict the future needs.
But with a stablish pattern we can mostly maintain, with little adaptations along the way.
- pg_1234 3y agoActually you achieve a kind of financial stability in the above example if each older generation relinquishes their accumulated wealth to the younger generation as a 2 to 1 rate. i.e. 2 Boomers give up their wealth to 1 Millennial for services rendered. The "haves" just don't like how the supply and demand equation is swinging back in favor of the "have not but can still work". As for the services rendered in return, well, supply side constraints dictate you settle for what's available ... that's all there is.
- mensetmanusman 3y agoThere is much less to buy or afford when there is so much competition for the small workforce providing services or labor.