tetris11 comments on Anon is waiting for Japan

Yeah, but that's only a problem if elderly orderlies is an underpaid job that no one wants, and if people can't afford to live on it when choosing such a profession.

If the economy adjusts or society adjusts such that caring for the elderly is a highly sought out and secure job that can easily pay a mortgage, what's the issue?

This is what I mean when I say they will crash and their economy will adjust.

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[+] RowRowRowYourBot@sh.itjust.works 4 points 2 years ago* (last edited 1 year ago) (4 children)

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[–] tetris11@lemmy.ml 2 points 2 years ago (3 children)

Under the current system. All retirement vehicles dependent on the investment market will crash horribly. Anyone with retirement funds in such a crash is doomed. Which will force a reset and a switch to a new financial system (see: Turkey's various resets over the last 50 years, or Greece in the last 10). Money will be lost. The system will reset, re-valuate the demand for such services, and people will be paid in a new currency to plug the supply.

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[+] RowRowRowYourBot@sh.itjust.works 3 points 2 years ago* (last edited 1 year ago) (2 children)

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[–] tetris11@lemmy.ml 1 point 2 years ago* (last edited 2 years ago) (1 child)

Or you reset the currency, like Turkey has done many times before no? You swear off your debts, print new money.

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[+] RowRowRowYourBot@sh.itjust.works 3 points 2 years ago* (last edited 1 year ago)

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