"A large number of retirees is not a problem in itself; the proportion of retirees to new workers is the problem," labor economist Ron Hetrick told Newsweek.
I forgot what Newsweek’s political bent was, until reading this article. In summary, the US is facing what’s already happens in Japan and is happening in China: too many old people, not enough young ones.
The politics become obvious when you read the one proposed “solution”:
One idea is to raise the retirement age, so people can keep working if they want to
but also because they entirely dodge the other obvious solution: increase immigration and naturalization.
I forgot what Newsweek’s political bent was, until reading this article. In summary, the US is facing what’s already happens in Japan and is happening in China: too many old people, not enough young ones.
The politics become obvious when you read the one proposed “solution”:
but also because they entirely dodge the other obvious solution: increase immigration and naturalization.