Why do you care about the ratio of workers to old people? What matters is the ratio of dependents to workers. We have more retirees, but we also have fewer children. This isn’t that hard. If we could manage the Baby Boom of the 50s, we can manage this.
What matters even more is total productivity per citizen. It does not matter if a house is built by 20 builders with shovels or 5 builders with excavators. What matters is the house being built. And productivity per worker has massively risen and is, in my opinion, going to rise further.
That’s an interesting point but I’m not sure if the numbers really add up. As I understand it, the number of dependents will be greater from population decline (primarily due to an aging population) than it was during the baby boom
Why do you care about the ratio of workers to old people? What matters is the ratio of dependents to workers. We have more retirees, but we also have fewer children. This isn’t that hard. If we could manage the Baby Boom of the 50s, we can manage this.
What matters even more is total productivity per citizen. It does not matter if a house is built by 20 builders with shovels or 5 builders with excavators. What matters is the house being built. And productivity per worker has massively risen and is, in my opinion, going to rise further.
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That’s an interesting point but I’m not sure if the numbers really add up. As I understand it, the number of dependents will be greater from population decline (primarily due to an aging population) than it was during the baby boom