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It's just biology. People in their 70s and older are very likely to have physical and/or cognitive issues that substantially reduce their potential productivity
by orangecat 2y ago
It's just biology. People in their 70s and older are very likely to have physical and/or cognitive issues that substantially reduce their potential productivity. This is one of many reasons we should prioritize preventing and repairing the effects of aging, but until that happens it's going to be a problem.
- casey2 2y agoIt's just fear mongering, maybe they are like 10% less productive every decade-group after 60 on average, but it's hard to tell considering people leave the work force at 65. I'd wager that they are more productive on average than 20-30 year olds unless they have dementia. Having an older population is only a problem if want unskilled labor to remain cheap relative to it's social value. The whole world has seen from America that relying on an immigrant underclass creates too many negative externalities for the price saved, I doubt Japan will copy this plan, they will just bite the bullet, pay more, and then act surprised when NEETs decide to work.