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0 sats \ 3 replies \ @Bell_curve 3 Mar \ on: Demographics: There's A Probem econ
Great graphics especially Japan 🇯🇵 and South Korea 🇰🇷.
One big problem is these countries don’t have a 40 hour work week. Too many workaholic averaging more than 60 hours per week. Not much time left over for reproduction and childcare.
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10 sats \ 2 replies \ @TomK OP 3 Mar
That's the trap. They need to work more (Japan didn't allow mass immigration) to fill the rising gaps in their welfare state... less time... less family life.... less children. A vicious circle
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21 sats \ 1 reply \ @Bell_curve 3 Mar
Pensions and medical care for elderly
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10 sats \ 0 replies \ @TomK OP 3 Mar
Yes. Social costs are exploding meanwhile the potential for investments in productivity growth diminishes. But at this point I guess the family as the real social fabric will see its comeback. Here in Spain a lot of young adults and elder people are living at their parent's (or kid's) home to save money. Maybe it starts at this point.
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