Re:The world might run out of people
by polskibus on Wednesday February 06, 2019 @11:39AM
(#19096635)
Sure, this advice seems ok in current economic setting, where workforce size is replenished by newer generations.
Now think about what would happen if there are a lot of old retired people but the number of people willing to work for them is 50% of what is required, in most branches of the economy.
Money will start chasing the workers, and they pay will sky rocket. It's more like SV skyrocketing housing prices and total compensation, bit wider in scope.
Re:The world might run out of people
by swolchok on Wednesday February 06, 2019 @07:37PM
(#19101819)
> pay will sky rocket
Why do you think that this will entirely fail to incentivize prospective retirees to work for more total years of their lives in order to benefit from increased pay?
Now think about what would happen if there are a lot of old retired people but the number of people willing to work for them is 50% of what is required, in most branches of the economy.
Money will start chasing the workers, and they pay will sky rocket. It's more like SV skyrocketing housing prices and total compensation, bit wider in scope.