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Cake day: July 17th, 2023

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  • Lowpast@lemmy.worldtoMicroblog Memes@lemmy.worldI'm Greganent?
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    3 months ago

    The real issue is that we have a rapidly aging workforce and there’s not enough young people to replace them. With the average age of parents raising, the gap is getting larger. In the 50s it was 16 workers for every 1 retired. The 70s, 5:1. That number is now almost 2:1. This is bad. Very bad.

    Higher bar for jobs. Lower wage for entry level. Later retiring age. Higher need for migrant and seasonal workers.




  • Sweden is fairly unique as it’s economy wasn’t destroyed by WWII, and it’s stance on banking, foreign exports, and foreign ownership has enabled it to make massive profits. But the economy is seriously struggling today. The average home loan takes 100 years to pay off.

    Finland economy replaces oil with timber and an extremely educated population. Both of which are not sustaining the model well as the country is in recession. The timber industry isnt producing sustainable profits like it used to. The debt-to-GDP ratio is extremely high. The highly educated population is leaving and people don’t typically immigrate to Finland.

    So arguably the model isn’t working anymore, without something like oil to fall back on.