2 ms·
It takes the same amount of land, nurses, and orderlies to care for a 100 old people as it did in 1970, but the land, nurses, and orderlies all cost more on an
by missedthecue 11mo ago
It takes the same amount of land, nurses, and orderlies to care for a 100 old people as it did in 1970, but the land, nurses, and orderlies all cost more on an inflation adjusted basis. Classic Baumol's cost disease.
- TitaRusell 11mo agoCulture has changed though. My mother is 69 and she'd rather commit euthanasia than spend the last years in a nursing home. People born after 1945 are used to making their own choices and living by their own rules.
- WarOnPrivacy 11mo agoI'm in the group of upcoming retirees who can't ever afford to retire - and understand that homelessness is one of our very-possible outcomes. For the millions of folks who get insufficient winning hands in life, a nursing home is far from the worst outcome.