this post was submitted on 25 May 2025
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It's a problem that there will be fewer people in the generation below ours to support our generation in our dotage. This problem is the same regardless of your economic model. Fewer people in the working pool and more people sick and elderly is a bad time.
That's the great part the current youth won't get to be sick and elderly. We'll just be sick and dead.
And what causes fewer younger people?
Couples not having children.
What causes couples not to have children?
Well, beyond simply not wanting them: economic insecurity. A more equitable economic system would remove that barrier.
Population collapse is also occurring in communist countries. China additionally scuppered themselves by previously putting taxes on multi-child families to get ahead of overpopulation and in doing so accelerated the collapse of the working population ahead of that in capitalist countries.
You're not describing a country with a equitable economic system.
The majority of the hours worked in the US economy are pure pointless waste. The waste rate is so high because labor is cheap. With more expensive labor, companies will have to use it more responsibly.
If you think companies use labor efficiently, you have clearly never worked in a big corporate office.
Solving the labor crisis of aging is trivially simple. The market will simply force companies to be more efficient with labor. And as labor earns higher wages, workers will pay higher payroll taxes and be able to keep the pension system running.