Almost every single industrialized country has a birth rate below replacement, so there's fewer younger people to help carry the burdens. Medical care means the elderly live on and on and on, draining enormous costs as they age.
I'm not trying to be cruel, but from a pure numbers sense it makes perfect sense. Would you prefer taxes go up instead? Lessen spending on infrastructure and healthcare? Lessen child labor laws? There's no a lot of winning answers here.
And overall, the problem is just going to get worse in every country for the forseeable future. Expect to see more of this as time goes on. It's a bandaid solution though.
Almost every single industrialized country has a birth rate below replacement, so there's fewer younger people to help carry the burdens. Medical care means the elderly live on and on and on, draining enormous costs as they age.
I'm not trying to be cruel, but from a pure numbers sense it makes perfect sense. Would you prefer taxes go up instead? Lessen spending on infrastructure and healthcare? Lessen child labor laws? There's no a lot of winning answers here.
And overall, the problem is just going to get worse in every country for the forseeable future. Expect to see more of this as time goes on. It's a bandaid solution though.