LordEnigma 11,313 Posted March 20, 2017 Share Posted March 20, 2017 On 3/19/2017 at 10:10 AM, UK Monster said: I think the unemployed should be forced into low paid jobs to cover the gap tbh. Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 20, 2017 Author Share Posted March 20, 2017 8 minutes ago, Alexander Levi said: This is the most hilarious statement I've read in months <img alt=":toofunny:" data-emoticon="" height="18" src="//gagadaily.com/uploads/emoticons/toofunny.gif" srcset="//gagadaily.com/uploads/emoticons/[email protected] 2x" title=":toofunny:" width="18" /> I thought it was silly too but J think he means money isnt everything and time off to enjoy life also matters But who would enjoy time off if pensions had to be reduced to a bare minimum and the economy went to trash? Some ppl think more retirees is good for the economy and will lower unemployment but it doesnt work that way. The economy and jobs market is NOT a pie set to a specific size that must be divided up... That pie changes in size depending on productivity vs consumption Retired people do not produce anything and often consume less because unless they saved up a lot most have to cut back after they stop working... This means a shrinking economy per capita and wont have a positive impact on enployment to reference check the history. Unemployment did not surge when women started entering workforce in large numbers. Unemployment also did not surge in times when new technologies came in for mass production reducing labor required. Why? Because peoples power of consumption rose to compensate for the higher productive capacity of more workers and more production from technology In Contrast, more retirees will not lower unemployment because their drop in consumtion and the higher deductions required on working people (lowering their purchasing power also) will neutralize the people leaving workforce. So even excluding the financial strain, it still isnt good Link to post Share on other sites More sharing options...
LordEnigma 11,313 Posted March 20, 2017 Share Posted March 20, 2017 1 minute ago, Economy said: I thought it was silly too but J think he means money isnt everything and time off to enjoy life also matters But who would enjoy time off if pensions had to be reduced to a bare minimum and the economy went to trash? Some ppl think more retirees is good for the economy and will lower unemployment but it doesnt work that way. The economy and jobs market is NOT a pie set to a specific size that must be divided up... That pie changes in size depending on productivity vs consumption Retired people do not produce anything and often consume less because unless they saved up a lot most have to cut back after they stop working... This means a shrinking economy per capita and wont have a positive impact on enployment to reference check the history. Unemployment did not surge when women started entering workforce in large numbers. Unemployment also did not surge in times when new technologies came in for mass production reducing labor required. Why? Because peoples power of consumption rose to compensate for the higher productive capacity of more workers and more production from technology In Contrast, more retirees will not lower unemployment because their drop in consumtion and the higher deductions required on working people (lowering their purchasing power also) will neutralize the people leaving workforce. So even excluding the financial strain, it still isnt good I understand where they were coming from... BUT that's a way of thinking for yourself. Yes, in my personal life, I try not to make money the most important thing for me. But it doesn't work on a large scale. Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 21, 2017 Author Share Posted March 21, 2017 1 hour ago, Alexander Levi said: I understand where they were coming from... BUT that's a way of thinking for yourself. Yes, in my personal life, I try not to make money the most important thing for me. But it doesn't work on a large scale. I conquer Link to post Share on other sites More sharing options...
Shadow 6,697 Posted March 21, 2017 Share Posted March 21, 2017 Canada is not alone with this problem, the entire world might get more strained as developed and developing nations continue to age in their labor force... Stand in the light, cast your shadow. Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted March 21, 2017 Share Posted March 21, 2017 1 hour ago, Shadow said: Canada is not alone with this problem, the entire world might get more strained as developed and developing nations continue to age in their labor force... So like getting old is....??? Time keeps on ticking, ticking ticking......into the future...... (Moody Blues) like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Shadow 6,697 Posted March 21, 2017 Share Posted March 21, 2017 5 minutes ago, Woolfsmck said: So like getting old is....??? Time keeps on ticking, ticking ticking......into the future...... (Moody Blues) Well, that is everybody's problem... but we're talking about Canada's retiring age ratio compared to labor force, right? Most developed countries could offset this burden by having an easier immigration process with incentives for skilled labor to allow young people from other nations to fill in jobs, thereby pay more tax to fund these social services. Stand in the light, cast your shadow. Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted March 21, 2017 Share Posted March 21, 2017 22 minutes ago, Shadow said: Well, that is everybody's problem... but we're talking about Canada's retiring age ratio compared to labor force, right? Most developed countries could offset this burden by having an easier immigration process with incentives for skilled labor to allow young people from other nations to fill in jobs, thereby pay more tax to fund these social services. Steve Miller Bands.....uhm... okay ... I knew that .... I just typed it wrong... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 21, 2017 Author Share Posted March 21, 2017 12 hours ago, Shadow said: Canada is not alone with this problem, the entire world might get more strained as developed and developing nations continue to age in their labor force... I didnt say it is was actually most if developed world is worse than North America Demographics wise Link to post Share on other sites More sharing options...
Economy 52,861 Posted March 21, 2017 Author Share Posted March 21, 2017 13 hours ago, Shadow said: Well, that is everybody's problem... but we're talking about Canada's retiring age ratio compared to labor force, right? Most developed countries could offset this burden by having an easier immigration process with incentives for skilled labor to allow young people from other nations to fill in jobs, thereby pay more tax to fund these social services. It only helps but wont fix the problem the ratio of old to young is changing A LOT. Wed be talking very large immigration. Larger numbers than we could absorb in an organized fashion dont forget, it takes time for immigrants to settle down and adapt and get started. U can o ly have so many new ppl at once without it hanpering efficiency Link to post Share on other sites More sharing options...
Shadow 6,697 Posted March 21, 2017 Share Posted March 21, 2017 3 hours ago, Economy said: I didnt say it is was actually most if developed world is worse than North America Demographics wise I was simply pointing out Canada's issue here is a microcosm of a bigger macrocosm in the trend affecting most Western developed nations. 20 minutes ago, Economy said: It only helps but wont fix the problem the ratio of old to young is changing A LOT. Wed be talking very large immigration. Larger numbers than we could absorb in an organized fashion dont forget, it takes time for immigrants to settle down and adapt and get started. U can o ly have so many new ppl at once without it hanpering efficiency Well, there is a mix of high skilled labor and low skilled labor immigrating, Those high skilled being drawn are a big reason why tech giants opposed Trump's travel restrictions in the US from the Middle Eastern nations. and low skilled labor will be needed to fulfill service jobs that will be in demand in the coming years as baby boomers reach their golden years, whether immigration and integration will be an efficient transition or not, it has been crucial to economic growth as in the past. Economic growth is good for GDP and thus good for filling in those tax brackets for services like the ones you mentioned. Stand in the light, cast your shadow. Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted March 21, 2017 Share Posted March 21, 2017 3 hours ago, Shadow said: I was simply pointing out Canada's issue here is a microcosm of a bigger macrocosm in the trend affecting most Western developed nations. Well, there is a mix of high skilled labor and low skilled labor immigrating, Those high skilled being drawn are a big reason why tech giants opposed Trump's travel restrictions in the US from the Middle Eastern nations. and low skilled labor will be needed to fulfill service jobs that will be in demand in the coming years as baby boomers reach their golden years, whether immigration and integration will be an efficient transition or not, it has been crucial to economic growth as in the past. Economic growth is good for GDP and thus good for filling in those tax brackets for services like the ones you mentioned. I think this is the center of the immigration issue which relates to the age problems by inflating the normal growth rate. The authorities are catering to big business interests because they pad their pockets where common folk are stressed by increasing numbers of unwanted neighbors who come along with those who add to the workforce , skilled and service alike like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
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