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I remember being a senior in high school in 1986 and reading an article on "baby bust gen X". We've known for quite some time that there were going to be problems as the boomers aged out of the workforce. For anyone interested I found this article saying that the lack of workforce to replace them will actually hurt the economy. We need to streamline as much as we can.
Quote:
The U.S. economy is facing the crisis of an aging workforce that has the potential to harm the economy as more people begin to exit the workforce than enter it. By 2030, it’s predicted that 20% of U.S. residents will be aged 65 and older, compared to only 13% in 2010 and 9.8% in 1970. [1] The U.S. fertility rate is also at a historic low, sitting at 62.0 births per 1000 women aged 15 to 44. [2] This combination leads to a slowdown in the replacement rate, and makes it difficult for the U.S. to sustain or increase its economic growth. Additionally, an aging population can have other drags on the economy, especially the costs associated with neurodegenerative disorders and other diseases associated with aging.
Because there are hundreds of private companies competing against each other?
Why do we have more than one bank when we can just have one and lay everyone else off? Why do we have more than one car company? Why do we have more than one computer chip maker?
I'm not a fan of Medicare for All, but the notion that it is government health care is entirely false. Medicare is simply a clearing house for payments to private providers of health care. In many cases, private insurance is still involved in payments through Medicare Advantage. Medical billing would be simplified, I suppose, resulting in some job losses, but there would be more demand for medical providers (a massive one) as millions who are uninsured, underinsured, and too broke to pay deductibles, come into the system for delayed services. Yeah, it is not the same skillset so the clerks may get caught in a bind, but we can probably reposition them in a strong economy.
I remember being a senior in high school in 1986 and reading an article on "baby bust gen X". We've known for quite some time that there were going to be problems as the boomers aged out of the workforce. For anyone interested I found this article saying that the lack of workforce to replace them will actually hurt the economy. We need to streamline as much as we can.
I'm not a fan of Medicare for All, but the notion that it is government health care is entirely false. Medicare is simply a clearing house for payments to private providers of health care. In many cases, private insurance is still involved in payments through Medicare Advantage. Medical billing would be simplified, I suppose, resulting in some job losses, but there would be more demand for medical providers (a massive one) as millions who are uninsured, underinsured, and too broke to pay deductibles, come into the system for delayed services. Yeah, it is not the same skillset so the clerks may get caught in a bind, but we can probably reposition them in a strong economy.
Good summary. And thoughtful discussion.
I'm amazed at the people who come on this forum bashing something they have never researched and therefore don't know anything about.
Bernie Sander's prances around this country talking about how Healthcare is unfair in the US. He exclaims that a single payer government monopoly will solve the problems and lower costs. Fact is that those "costs" are people and since it's a monopoly, 1.8 MILLION people will have jobs that are no longer needed. Who chooses who gets laid off? Who chooses were the new jobs are? They all go to DC?
I'll say it again, "Jeff Bezos paid off all his Medicare/SS obligation at 2 seconds past midnight. The rest of you stiffs are paying it off all year. Can you figure what's wrong with this picture? Hint: make Jeffy pay off his obligation on Feb 1 instead. Put bluntly: raise the cap on SS/Medicare from $137,000 to $200,000 and you'll have the money to pay for universal Medicare.
Man, this problem is so simple to solve even a dummy like me could think of a sensible solution.
Bernie Sander's prances around this country talking about how Healthcare is unfair in the US. He exclaims that a single payer government monopoly will solve the problems and lower costs. Fact is that those "costs" are people and since it's a monopoly, 1.8 MILLION people will have jobs that are no longer needed. Who chooses who gets laid off? Who chooses were the new jobs are? They all go to DC?
So to be clear, your position is that if progress means certain jobs will be eliminated, we must simply choose not to progress, and remain in last century forever instead? What happened to all the buggy whip manufacturers? Do you weep for them every time you start your car?
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