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1) Work less hours 2) Consume more 3) Have less kids 4) Live longer after the retirement age Productivity increased a lot but expecting it cover all four is
by alexey-salmin 1y ago
1) Work less hours
2) Consume more
3) Have less kids
4) Live longer after the retirement age
Productivity increased a lot but expecting it cover all four is way too optimistic.
- close04 1y ago5) Real wages went down, in general. The productivity pay gap has increased significantly. Take a formerly stable country which is a good indicator of the progression. [0] Getting terminated at old age is already a huge problem made worse by delaying pension. And it will get even worse as families have to subsidize their elderly even more, making it even less likely to have more (or any) kids. The current crop of leaders put the entire burden on average Joe. Companies are insulated, always one restructuring away from solving their problem. And then we wonder why populists win everywhere... [0] https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/