Quote:
Originally Posted by Rochard
The Labor Force Participation Rate is an indication of a much larger problem... Our population is getting older. This means less people working. However, it also means more healthcare resources and costs, and more and more people in the work force being required to work in healthcare to take care of these people.
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Fewer people are needed in work unless you count low wage jobs. In the future, these will go as well. Even Fruit Picking will require a far smaller labour force as machines take over.
The bigger problem is the drop in taxable incomes.
Healthcare is easily covered by granting Green Cards to migrants.