From page 4: Absent any change to retirement ages, or expected birth
rates, the global dependency ratio (the ratio of those in the
workforce to those in retirement) will plummet from 8:1 today
to 4:1 by 2050. The global economy simply can't bear this
burden. Inevitably retirement ages will rise, but by how much
and how quickly demands urgent consideration from policy-
makers.
Reminds me of the famous line "absent some catastrophic and catalyzing event – like a new Pearl Harbor" from the PNAC paper prior to 911
From page 4: Absent any change to retirement ages, or expected birth rates, the global dependency ratio (the ratio of those in the workforce to those in retirement) will plummet from 8:1 today to 4:1 by 2050. The global economy simply can't bear this burden. Inevitably retirement ages will rise, but by how much and how quickly demands urgent consideration from policy- makers.
Reminds me of the famous line "absent some catastrophic and catalyzing event – like a new Pearl Harbor" from the PNAC paper prior to 911
It is the same MO here.