freediver wrote on Jun 22
nd, 2010 at 5:54pm:
[quote]
perceptions_now
I'm not sure what you mean by "Our society has always had a small number doing the real work", the ratio was 8/1 & it will be 2/1, what is "real work"?
Quote:Freediver
You are only considering working people and retired people. You are leaving out the younger generation, which is a far bigger burden than retirees. They have to be educated, housed, fed, etc. Then after all that investment by society into them the first thing they want to do is buy or rent their own house. Obviously if you only consider the ratio of working people to retirees it looks grim, but that ratio is meaningless in term's of our society's ability to cope. The ratio that matters is the ratio of working people to total population. However, even this will be significantly tempered by the reduced infrastructure demands that come with a plateuing population.
There are a couple of ways to look at what is called "the Participation rate".
Some refer to the ratio of actual Workers to those who are in the "working years" - ie 15-65ish.
Others refer to the ratio of Workers, to the Total population.
I agree with your assesment, the one that counts more, particularly now, is the comparison to the total population, because that reflects the percentage of Workers (PAYG tax payers), who are the largest support for the total population, including those under 15 years & those over 65 years.
That participation ratio has Peaked and has started to decline in OZ, but the comparions in some overseas countries are already showing a more substantial decline.
Btw, I am not disregarding the younger generation, simply putting it into perspective.
We have had the younger generation issues with us for quite some time, but this is the first time in history that a generation of this magnitude has passed into retirement, before passing away altogether.
The ramifications of this event, will be massive compared to the issues of the younger brigade and it is going to happen at a time when -
1) The Global Population will actually decline, which is extremely rare.
2) Global Debt is already rampant.
3) The dominant Energy supply on the planet, Oil, is also set to go into decline.
I would prefer to be saying something different, as I have family that are going to live thru whatever happens.
But, if WE don't start taking the correct decisions soon and putting those decisions into action to change the future, then the future may not be all that rosy?