Only around 60% of the GDP is labor, though. 40% of the GDP on pensions doesn’t seem reasonable for a variety of reasons. If pensions are considered part of th

Only around 60% of the GDP is labor, though. 40% of the GDP on pensions doesn’t seem reasonable for a variety of reasons. If pensions are considered part of the labor cost, that would mean not 25% of income going to retirement, but 66%! Or, if pensions are separate from labor, you’ve used up all 100% of the GDP, just between labor and pensions. Neither seems reasonable. Furthermore, the US only spends 7.5% of the GDP on pensions all told.[0] If these numbers are equivalent, that means 85% of pension dollars are going to government workers. [0]: https://data.oecd.org/socialexp/pension-spending.htm https://data.oecd.org/socialexp/pension-spending.htm