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> These numbers only matter if you plan on subsisting entirely off of social security in retirement, Actually, number of workers per retired person matters A L
by trashtester 3y ago
> These numbers only matter if you plan on subsisting entirely off of social security in retirement,
Actually, number of workers per retired person matters A LOT regardless how you look at it.
If you disregard imports, the total amount of goods and services produced per capita goes down. No amount of cash can buy more stuff than is for sale in a market. As more and more money chase less and less stuff, inflation has to go up to compensate.
And these two workers can demand more or less what they wish, while old people get poorer and poorer.
And there is a limit to how far down society will let the pensions of the poorest retired people go, so some way will be found to bring enough cash for them to have at least a little.
Meanwhile, the working people can more or less demand what they want in saleries, if the shortage of workers is great enough. And if the government tries to take a lot from them through taxes, they can always go on strike, move abroad or something similar.
Those with savings but no productivity, who are rich without working, they are fair game in such a society.
The word "boomer" is already a slur used against a generation seen as pulling the ladder up after themselves. And as the number of retired people per worked continues to go up, such thinking will just gain traction.