Tuesday, April 13, 2004

Superworkers

Max has an interesting chart up about how if you factor in productivity growth, the share of per-worker output needed to take care of our old people is actually going to decline over time. So, while in absolute terms the per-worker cost of paying out promised social security benefits will increase in absolute terms, it will be a decling share.

But, anyway, all such discussions of social security should be irrelevant as a program which is "solvent" for the next 38 years at least is not something to worry much about.