Moving to

I'm moving to Mostly.

I plan to use that site as a "self-marketing website" of sorts and to manage content in a way that I would otherwise not be able to do on blogger alone.

This blog will stay, ostensibly for more provisional ideas prior to refinement. I'll be gradually moving content (I still like) over to the other website. =)

Monday, May 7, 2012

The Implications of the Ageing Population on the Economy: An Observation

It would appear that the impending population shift might be the driving force pushing the economy towards a more knowledge intensive economy where experience and know-how command a premium, and old can truly be gold. It would necessitate a culture of continuous learning and would be a drastic shift, but it would suit the ageing demographic and lighten the dependency load.

Now, the government knew about the impending demographic shift for a very long time. It only recently (within the last decade) starting talking about it. My question is, why was the vaunted foresight not exercised to gradually nudge the economy in that direction? Why are the economic incentives of policy makers still aligned with chasing labour supply-led growth? To paint them in a better light, is a bad system making otherwise good people behave badly?

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