• Pup Biru@aussie.zone
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    21 hours 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