French Prime Minister François Bayrou will face a no-confidence vote from Socialist MPs after talks between unions and employers over a reform of the country's pension system failed to reach a compromise.…
The living standard is also much higher now. More people expecting more help from the state with more complex problems.
Let’s for example take a premature baby that would have died 20 years ago can now be saved and can live a long life, but needing 24x7 care by medical staff.
Or the fact that our parents and grandparents live longer, but care and medicine cost a lot more.
I’m not disputing that the top takes too much, but the standard of care, medicine and other things cost too.
I agree, I can’t imagine the economic bonus gained by productivity is big enough to pay the medical costs at the end of ones life. Back in 1950 people had just a few years of life left when they stopped working. Now a lot of people have 10, maybe 20, healthy years left and another 10 in ill-health. There clearly is either a lot of money for a few years or a little money for a lot of years. Although i also think the wealthy and the top, now get a bigger piece of the pie now.
The living standard is also much higher now. More people expecting more help from the state with more complex problems. Let’s for example take a premature baby that would have died 20 years ago can now be saved and can live a long life, but needing 24x7 care by medical staff. Or the fact that our parents and grandparents live longer, but care and medicine cost a lot more.
I’m not disputing that the top takes too much, but the standard of care, medicine and other things cost too.
I agree, I can’t imagine the economic bonus gained by productivity is big enough to pay the medical costs at the end of ones life. Back in 1950 people had just a few years of life left when they stopped working. Now a lot of people have 10, maybe 20, healthy years left and another 10 in ill-health. There clearly is either a lot of money for a few years or a little money for a lot of years. Although i also think the wealthy and the top, now get a bigger piece of the pie now.