Why the hell does the central bank care about social policy?
Also Germany is a massive net exporter. That means the work force is clearly underpaid. So any sensible politician should strive to improve that by making the workforce smaller, by retiring old workers. Even the economy would shrink, what the hell are Germans supposed to be scared off? To be as rich as the French or worse the Spaniards. Last time I checked they were doing pretty well themself.
The primary issue isn’t the shrinking but the aging population and the associated costs with it, e…g, health care, elderly care, pensions will costs more, but’ll be paid for by a shrinking workforce.
And the better response would be to take steps to improve public health in order to reduce the care costs, but that’s too much like hard work, so let’s just raise the retirement age and sweat some taxes out of those who remain healthy for longer.
The proper solution would be to change how we finance retirement and other social costs. It should have been switched to some kind if state owned fund decades ago when this whole debacle first appeared on the far horizon. Countries like Norway do this and after decades of steady investment their fund belongs to the biggest in the whole world.
Why the hell does the central bank care about social policy?
Also Germany is a massive net exporter. That means the work force is clearly underpaid. So any sensible politician should strive to improve that by making the workforce smaller, by retiring old workers. Even the economy would shrink, what the hell are Germans supposed to be scared off? To be as rich as the French or worse the Spaniards. Last time I checked they were doing pretty well themself.
The primary issue isn’t the shrinking but the aging population and the associated costs with it, e…g, health care, elderly care, pensions will costs more, but’ll be paid for by a shrinking workforce.
and there is less spending on schools, kindergardens and universities…
Yes. According to the study I posted in this thread, the costs will slightly rise (unlike in the U.S. and China, where the issue is much more severe).
And the better response would be to take steps to improve public health in order to reduce the care costs, but that’s too much like hard work, so let’s just raise the retirement age and sweat some taxes out of those who remain healthy for longer.
The proper solution would be to change how we finance retirement and other social costs. It should have been switched to some kind if state owned fund decades ago when this whole debacle first appeared on the far horizon. Countries like Norway do this and after decades of steady investment their fund belongs to the biggest in the whole world.