Comments by "Peter Jacobsen" (@pjacobsen1000) on "Singapore's Filial Support Laws" video.

  1. You are touching on a massive problem that more and more countries MUST eventually find a solution to as we go forward: -We are living longer and longer. This brings with it higher and higher medical costs that will only increase as we find new treatments for ailments that would have killed our ancestors. -We need higher and higher (longer and longer) education to stay on top of the development cycle. This means we enter productive life later and later. One can imagine that 50 years from now, you need a PhD just to get a regular job. -We continuously strive for a higher standard of living. This costs more money, not just in consumption, but also in cost of better and bigger housing with all the modern amenities, better infrastructure, etc. Shorter productive life combined with higher costs. Something's gotta give and we may need to extend working life way beyond 65/67 years. Perhaps we can find a way to introduce 'soft work' for people of mature age: 20-hour work week, or 9 month work year, or 3-day work week, the old taking care of children, the old tutoring children, the old mentoring the young, low stress work, all at a lower salary, but still with enough income to support daily life. Could you have a road work crew consisting of old people, 2 to 3 working together to carry what one young man can carry, and at 1/2 to 1/3 the salary? Perhaps, perhaps not. But something needs to change.
    4