this post was submitted on 27 Apr 2025
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United States | News & Politics

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[–] [email protected] 0 points 4 days ago

What crisis? Why is growth better than steady state or contraction under the current circumstances?

because old people are expensive. australia currently has about 3% of the total labour force employed in aged care. in many other countries that use pensions rather than superannuation, the younger generation pays for the pensions of the older generation: a collapse in this means potentially catastrophic consequences

3% number from: total health care workers = ~500k, total labour force = ~15m