If jobs are “lost” because robots are doing more work, why is it a problem that the population is aging and there are fewer in “working age”? Shouldn’t the two effects sort of cancel each other out?

Question

If jobs are “lost” because robots are doing more work, why is it a problem that the population is aging and there are fewer in “working age”? Shouldn’t the two effects sort of cancel each other out?

In: 13038

Answer 1

All those elderly people who aren’t working, but collecting Social Security and Medicare? Current workers’ Social Security and Medicare taxes are at least partially funding that… so fewer workers funneling money into a pool that needs to serve more and more people.