[selestify]

> More and more elderly to support

> The younger population is suffering from vast unemployment

It appears there is a lot of work to be done and a lot of idle workers to do it. The fact that both can exist in tandem seems like an indictment of how horribly inefficient our economic systems currently are.

[user5994461]

Not sure what you mean. Retirees don't create jobs. They just get money handed to them monthly as promised by the pension formula decided decades ago. (that money is supposed to come from taxes on active workers's salaries)

The whole system collapse when taxes are not enough to cover the pensions that were promised. It's a ponzi scheme.

[mwfunk]

That’s a problem of demographics and unemployment, not a Ponzi scheme. Ponzi schemes are scams, but they do effectively take money from people and give it to other people, which doesn’t happen if there’s no funds to transfer.

I don’t think any country can sustain a 25% unemployment rate for any length of time without it having catastrophic second- and third-order effects. That’s the problem, not the concept of taxpayer-funded pensions. All sorts of things are going to be underfunded or otherwise hosed if you’re struggling with 25% unemployment for any length of time. Nations have imploded over far less.

[user5994461]

It's not the percentage for the whole population. It's 25% unemployment for young people. 50% unemployment for young people without higher education.

[expertentipp]

> Retirees don't create jobs

They do in countries with extensive social systems. Look at Germany. There is boom for daycare services, retirement homes, various mobility devices, the country is sucking in females aged 40-60 from Poland employed (gray/black market mostly, I'm wondering who will take care of them in 20-30 years) to take care of Germany elderly, etc.

[typomatic]

Yeah, we've outscaled capitalism and it no longer allocates resources well.