They cannot rise enough to compensate for the rising consumer costs, and US consumers survive on debt. Oh, and by the way universities have ensured that Western millennials and gen-Z don't have the skills and have really have status expectations, unlikely to capitulate to manufacturing jobs without significant pay increases that will make those companies insolvent.
And rising costs will wipe out boomer pension plans.
The US, Europe, and Japan are all trapped in policy paralysis, every direction is pain.
Japan have not survived demographic collapse at all, they simply papered over the problem with 0% interest rates and restructured their pension liabilities in the early-90s to keep their bond yields low, something the west failed to do because it's not ethnically homogenous. Japan has simply forestalled the problem.
You're kind of the irritating mirror of that China shill that I muted. You two should just pair up and talk to each other. I'm done providing this reality check, you're motivated to come to specific conclusions and that makes conversations boring.
They cannot rise enough to compensate for the rising consumer costs, and US consumers survive on debt. Oh, and by the way universities have ensured that Western millennials and gen-Z don't have the skills and have really have status expectations, unlikely to capitulate to manufacturing jobs without significant pay increases that will make those companies insolvent.
And rising costs will wipe out boomer pension plans.
The US, Europe, and Japan are all trapped in policy paralysis, every direction is pain.
Japan have not survived demographic collapse at all, they simply papered over the problem with 0% interest rates and restructured their pension liabilities in the early-90s to keep their bond yields low, something the west failed to do because it's not ethnically homogenous. Japan has simply forestalled the problem.
You're kind of the irritating mirror of that China shill that I muted. You two should just pair up and talk to each other. I'm done providing this reality check, you're motivated to come to specific conclusions and that makes conversations boring.