The world is on the threshold of what might be called “peak people.†The world’s supply of working-age people will soon be shrinking, causing a shift from surplus to scarcity. As with “peak oil†theories – which hold that declining petroleum supplies will trigger global economic instability – the claims of the doomsayers are too hyperbolic and hysterical. These are not existential threats but rather policy challenges. That said, they’re very big policy challenges.
Canada’s crisis is mild compared to most countries, but it’s still serious. There are currently almost five working-age Canadians whose income taxes pay the pension and health-care costs of each retiree; within 20 years, there will be only three. As a result, according to Ottawa, health-care costs will double and social-service costs will rise by a third. Compared to, say, Japan, where pensioners will become a majority this century, that’s nothing.
Where is BT to tell us about how there should be a marketplace for workers, and let the lowest bidder win?
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We have not inherited the Earth from our parents, we have borrowed it from our children.
ou guys need to stop dick riding wow and compare everything to it. It never invented a godamn thing, just made it popular. " -tinkly