#1 ·
Let me offer my take on this...
Objectively speaking, I don't see any real chance for a fundamental turnaround. These problems have been festering far too long and they're just too tangled—plus, the price tag for a fix is something most people simply won't stomach. For instance, our colleague Shadow suggested analyses implying we need to significantly lower labor costs. But let's be real: slashing wages is basically impossible without messing with the exchange rate. Messing with the currency leads straight to a banking collapse, wiping out savings and tossing retirees into poverty. Given our demographic shift—where seniors will soon outnumber workers and would sell their own mothers for $33 higher pensions—that’s political suicide. Not to mention, tanking wages would just accelerate the brain drain to other parts of the European Union.
I suspect we'll hit a breaking point once the timing and circumstances align—and we likely won't have to wait long. In short, way too many people benefit from the status quo, which means there's zero political will to actually change anything. People don't want to grind for fifteen years to enjoy a better life later; they want it right now, and they expect someone else to foot the bill.
Objectively speaking, I don't see any real chance for a fundamental turnaround. These problems have been festering far too long and they're just too tangled—plus, the price tag for a fix is something most people simply won't stomach. For instance, our colleague Shadow suggested analyses implying we need to significantly lower labor costs. But let's be real: slashing wages is basically impossible without messing with the exchange rate. Messing with the currency leads straight to a banking collapse, wiping out savings and tossing retirees into poverty. Given our demographic shift—where seniors will soon outnumber workers and would sell their own mothers for $33 higher pensions—that’s political suicide. Not to mention, tanking wages would just accelerate the brain drain to other parts of the European Union.
I suspect we'll hit a breaking point once the timing and circumstances align—and we likely won't have to wait long. In short, way too many people benefit from the status quo, which means there's zero political will to actually change anything. People don't want to grind for fifteen years to enjoy a better life later; they want it right now, and they expect someone else to foot the bill.