Analytics wrote:I'd suggest that with so many people trying to spend money and so few people actually producing goods and services, there would be a shortage of good and services, the prices of goods and services would be driven up so that supply equals demand, and we'd suddenly find prices so high that the retired senior were all poor.
Then again, it could work out if our technology improves to the point where the fewer workers that remain become so much more productive that supply keeps up with demand. It would be quite a gamble to depend on uninvented technology though.
That's General Leo. He could be my friend if he weren't my enemy. eritis sicut dii I support NCMO
Analytics wrote:I'd suggest that with so many people trying to spend money and so few people actually producing goods and services, there would be a shortage of good and services, the prices of goods and services would be driven up so that supply equals demand, and we'd suddenly find prices so high that the retired senior were all poor.
Then again, it could work out if our technology improves to the point where the fewer workers that remain become so much more productive that supply keeps up with demand. It would be quite a gamble to depend on uninvented technology though.
That's a very good point. Taking that to an absurd extreme, I imagine a world where the baby-boomers put their savings into capitalizing new technology so that when they retire and then eventually go into long term care, the technology will provide most of their needs. Imagine a generation relaxing in comfortable assisted living facilities, with robots zipping around doing maintenance, cleaning, cooking, checking blood pressure, helping them move from bed to the toilet and back again...
The only human worker would be a highly-paid generation-x George Jetson who has the enviable job of pushing the button that makes the whole thing go.
It’s relatively easy to agree that only Homo sapiens can speak about things that don’t really exist, and believe six impossible things before breakfast. You could never convince a monkey to give you a banana by promising him limitless bananas after death in monkey heaven.