europe

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European nations have no choice but to raise retirement ages – our case study shows why (theconversation.com)

submitted 2 months ago by Champoloo@hexbear.net to c/europe@hexbear.net

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[–] vovchik_ilich@hexbear.net 20 points 2 months ago (1 children)

Emphasis added by myself:

One striking feature of the debate over pension reform in Europe is how well understood and extensively documented its root problems are. Europe’s population is aging. The birth rate is declining. Life expectancy is growing ever longer. Fewer people are contributing to fund public systems that will have more people drawing money from them for longer periods of time. At the same time, technological disruption is reducing the share of labour income in gross domestic product

Huh, I guess people living for longer is bad. Also, the last phrase can be rephrased to "technology has massively increased productivity but salaries have stagnated, yet we insist that the money for pensions must come from taxation of workers".

[–] i_drink_bleach@hexbear.net 18 points 2 months ago

Well it certainly can't come from taxation of people with five vacation mansions and three yachts. Are you kidding me?