Hogwash. You forgot the other half of the equation. We don’t have as many children to support. Notice how people obsessed over birth rate always focus on the retiree:worker ratio rather than the dependent:worker ratio? The problem disappears once you realize we can simply take money that we were spending on childcare and shift it to eldercare.
Hogwash. You forgot the other half of the equation. We don’t have as many children to support. Notice how people obsessed over birth rate always focus on the retiree:worker ratio rather than the dependent:worker ratio? The problem disappears once you realize we can simply take money that we were spending on childcare and shift it to eldercare.
Children live with parents. If retirement becomes burden of your offspring this will have interesting consequences.
Re resource shift: in my country we managed to increase total employment in education while birthrates continue to dwindle