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Why doesn't anyone pay attention to the elephant in the room: median age? It has increased by 10 years in those 50 years. And, money is now overwhelmingly conce
by anovikov 10mo ago
Why doesn't anyone pay attention to the elephant in the room: median age?
It has increased by 10 years in those 50 years. And, money is now overwhelmingly concentrated in the older cohorts just simply because there were no significant "reset" events for a long time such as massive wealth expropriations, wars, destruction - last time government robbed people of their property on a massive scale, was in 1865.
It means that people who consume things, are now risk averse and unlikely to break with their habits.
See how different is the trajectory of electric cars in the US, EU, and China. In the US, average new car buyer is 50, in EU, 53, in China, it is 36. Plus, in China old people are dirt poor - peak income age is 35, in EU too, crushing taxes prevent wealth accumulation so old people are poorer than young who work more and are nimble enough to avoid taxes.
This cannot be fixed, because it requires either a Lebensborn-style forced reproduction program, or mass confiscations/redistributions, or both. We better accept situation the way it is.