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by sageikosa 3910 days ago
You are missing service industries in general and elder care (poignantly relevant with the article's emphasis on demographic shift) specifically. A large older population with a smaller worker pool to draw on will drive up demand for caregivers, exhausting the rapidly devaluing savings of the elder generations.
2 comments

Most people would prefer being wiped in the ass by a robot.

There are really strong incentives for automation in healthcare.

When talking about the immigrants and refugees working with elders; Unfortunately, even the "human touch" and the social part of the job is sometimes problematic because of cultural and language barriers... (Also applies to the opposite situation, elder immigrants receiving care.)

I didn't get why the savings are supposed to devalue. The elder care costs for the super-rich is a drop in the bucket for them, and they can and will still use the rest of their wealth to pay poorer people (and robots) to generate them more wealth.