Comments by "Paul Aiello" (@paul1979uk2000) on "Why Europe Sucks For Young People" video.
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This is becoming the case in pretty much all modern countries because of the boom in population growth decades ago and now we have a bit of an imbalance from young and old, throw in that people are living longer and it's easy to see how that can put a strain on the younger generation of people when it comes to taxes and supporting public services.
The irony is, it's probably not as big of a problem as we might like to think, we are quickly entering into a A.I. robotic world over the coming decades, if this ends up taking over the majority of labour and jobs, we could end up in a situation that having more of a younger generation could become more of a burden if we can't find jobs for them.
Either way, one thing I've learned through life, anything that gets highlighted as a problem and grows as a problem with time, ends up not really being that big of a problem over the long run because of policy changes over time to counter the problem, so being aware it's a problem and having time to fix it is likely enough for it to not really be a problem when we think it will be a problem, and I suspect that A.I. and robotics will be the solution as that could solve all these issues apart from one, finding work for the younger generation of people, hence why the issue could flip on it's head over the coming decades and it ends up being a much bigger problem for countries with a much bigger younger generation of people, especially if they can't find them work because A.I. and robotics is taking over the jobs.
As for the older generation of people, A.I. and robotics will likely be able to deal with all that, after all, governments might need far less taxes if A.I. and robotics can do a lot of the jobs we do in the public sector, but taxes are unlikely to go down much, if at all, it just means a lot more can be done with that money then we can today, which will probably end up with a human basic income as it's unlikely we'll be able to find enough work for everyone in a A.I. robotic world, and even any new jobs we do create, A.I. will likely be able to replace us in that.
But honestly, I'm far more worried about the job losses that A.I. and robotics is going to do over the coming decades than the issues of the young and old generation., the reason I'm more worried about A.I. is because governments are slow to change and a lot will need to change with the impact A.I. will have on the world, I suspect many governments will let things get so bad that it could lead to revolution, whereas some countries, probably European one could fare much better because of the social structure of the society and higher taxes will make it much easier for them to create a human basic income, in other words, they are less likely to let things get really bad before they change, whereas I think the US and many developing countries will let things get really bad before they change, the end result in those countries is that far more wealth will end up in fewer hands and not enough jobs to go around as A.I. and robotics takes over.
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