this post was submitted on 25 May 2025
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Unless you expect people to work until they drop dead it's a crisis regardless of the economic system, especially coupled with the increases in life expectancy. You have fewer and fewer people of working age who have to provide for and take care of more and more old people for longer and longer. Even if you eliminate profit motives, you're placing an outsized burden on younger generations.
As technology improves to reduce workforce needed, it frees up more people to enter elder care workforce.
So things can still balance out.