Earlier quoted context omitted.
Even if those attribution studies are 100% correct that doesn’t mean this system optimally allocates resources. The ultimate issue with our social programs is due to demographics. An aging population whose replacement rate is projected to go negative (more deaths than births) within the next few years is catastrophic for the way we fund those programs. We absolutely should try and reduce their operating costs though;…
Noting people do is 100% optimal, but productivity gains mean resource constraint problems are more solvable than they first appear. People are worried about automation driving people out of the workplace while others are worried about a lack of workers due to changing demographics. What’s going to happen is the result of a bunch of different forces, simplified projections are easy to make and unlikely to prove accur…
The picture looks radically different if you focus on real resources and allocation. In fact a growing population could make things very economically tenuous in real terms, depending on how a few key environmental factors play out over the coming centuries.