Countries have been able absorb much lower worker participation rates than developed countries have today. It’s just that in the past, those resources were devoted to a large number of children rather than a large number of retirees. But dependents are dependents.
Countries have been able absorb much lower worker participation rates than developed countries have today. It’s just that in the past, those resources were devoted to a large number of children rather than a large number of retirees. But dependents are dependents.