41–50 of 99 posts
https://www.cia.gov/the-world-factbook/field/dependency-rati... Some numbers: Canada total dependency ratio: 52.1 youth dependency ratio: 23.9 elderly dependency ratio: 28.2 USA total dependency ratio: 53.7 youth dependency ratio: 28 elderly dependency ratio: 25.6 Japan total dependency ratio: 71.1 youth dependency ratio: 20.1 elderly dependency ratio: 51
The move from defined benefits to self -directed and -contributed retirement plans seems like a ticking time bomb.
We know most people's financial literacy sucks.
And the original reason for social security was that we don't want old people to suffer in poverty.
Well... when people inevitably mismanage their own retirement, or suffer the whims of the market without the benefit of sophisticated pooling or hedging... we're going to be looking at that again. (Arguably, already are)
A life of work isn't something you should be able to lose as quickly as you can.
> Every generation lives longer than the one that came before—nothing new there No, that's completely wrong and this is a lie that keeps being repeated. Life expectancy has only been increasing because child mortality has decreased to almost zero. The upper end has not shifted much at all.
The problem is making it to adulthood wasn't straight forward. Until the 20th century, your likelihood to make it to adulthood was only 50/50. There even if you made it out of infancy, child labor, disease, food affordability, etc., were all major causes of death. Making it to adulthood meant that you were lucky or privileged.
Now for calculating retirement ages for individuals who were adults when they started working, sure, the life expectancy has basically been flat. Maybe a few years of uptick, but nothing substantial like it seems looking at the overall stats of going from 45 to 75.
Earlier quoted context omitted.
> I wonder why we haven’t seen a growth in 1-2 day a week mentorship roles. If I had to hazard a guess I would say that most people in this position feel like they should get paid 50% of their previous salary for doing 20% of the work (and limiting their scope largely to mentorship rather than IC work), and with the combined scope reduction of both time and work performed, their employers would rather pay them even l…
It's funny that the companies I've seen do this productively all have "other justifications" for doing so. But effectively, yes, they're keeping high-performing older talent around so some hard won lessons rub off on the youngsters. I always thought companies should spend more time broadly categorizing employee allocation. E.g. this year you're going to be 20% mentor, 20% strategic advice, 60% IC Everyone wears multi…
Retirement seems like a pretty crucial process in the economy. If we set things up so that people can’t retire, that will slow down the process of getting the next generation into their positions. I do know some folks who have, instead, semi-retired (go in one or two days a week). People at the end of their careers have lots of experience to pass on. And it seems to keep them active and healthy. I wonder why we haven…
It's a little secret that actually many young people don't want to be mentored nor is it in the interest of companies. In contrast to the common narrative that older people are of great value to enterprises because of their experience in reality it's much better not to make use of it but let younger people make all mistakes again (often there also a lot of newer mistakes to make because technology or some other circumstances changed).
(I am being a bit sarcastic here but there's also truth to it).
https://www.cia.gov/the-world-factbook/field/dependency-rati... Some numbers: Canada total dependency ratio: 52.1 youth dependency ratio: 23.9 elderly dependency ratio: 28.2 USA total dependency ratio: 53.7 youth dependency ratio: 28 elderly dependency ratio: 25.6 Japan total dependency ratio: 71.1 youth dependency ratio: 20.1 elderly dependency ratio: 51
Nobody is pushing abortion bans with retirement age or dependency ratio in mind.
You ain't wrong though, yet. We may see that argument coming up in the next 20 years.
Healthcare for the elderly will put huge strain on government budgets.
With the young struggling to afford housing with fulltime work, I find the authors disappointments about not getting those lavish vacations obnoxious.
The numbers in the article are quite alarming for some countries - 49.9 out of 100 Canadians dependent (so one dependent for every 2 workers according to article) by 2075, or 77 out of 100 for Japan by 2075. This seems like such a critical issue that governments around the world will need to have significant societal changes - at the moment this doesn't seem like something that tech or biotech will be able to solve s…
as you can't change the birth rate overnight, and even if you could, it would take ~20years for the kids to begin earning, there needs to be a short-term solution. and that is immigration.
good thing immigration is so popular in rich western societies at the moment.
Earlier quoted context omitted.
No that's completely wrong and is a lie that keeps being repeated. Life expectancy has increased at all ages: https://ourworldindata.org/its-not-just-about-child-mortalit... and " Excluding child mortality, the average life expectancy during the 12th–19th centuries was approximately 55 years. " - https://en.wikipedia.org/wiki/Life_expectancy
The difference being that reduced mortality at age 60 adds mostly unproductive years, while reduced mortality at age 0-1 adds mostly productive years.
Move to a sane country.