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> It seems like maybe they didn’t pay in enough - baby boom demographics meant there were relatively more productive workers paying for relatively few old peopl
by ilyt 3y ago
> It seems like maybe they didn’t pay in enough - baby boom demographics meant there were relatively more productive workers paying for relatively few old people, so each worker was paying a fraction of what it would cost to carry themselves through old age.
Right but manufacturing technology better and more efficient, we produce far more "per worker" now
- ericd 3y agoYeah, but I don’t think we’ve seen commensurate gains with healthcare workers, except by perhaps reducing visit time per patient.
- anigbrowl 3y agoPerhaps the inference is that the owners of industrial technology should be paying more taxes on their profits, since the proportion of labor as an input is shrinking.