The country’s aging population and low fertility rate jeopardizes the solvency of Social Security and the Medicare program, according to a new study by Brookings
The immigration crisis has become a recurring theme in social gatherings and political debates, and is the main issue of the U.S. presidential election. Amid this discussion, one certainty stands out: while it’s well known that migrants have a need to live in the United States, a study has highlighted that the country needs them too.
Twenty percent of U.S. workers were not born in the United States, and it is expected that in the near future more than seven million more migrants will be needed for the labor market. That’s according to a study by Brookings, which warns about how the higher-than-expected increase in pensioners following the Covid-19 pandemic will affect the U.S. economy.
As the baby boomer generation approaches age 80, two challenges are facing the U.S. economy: providing staff to care for the elderly and ensuring the solvency of Social Security and the Medicare program.
This is where technology advancement need to be focused. I’m looking at smart home stuff right now so that I can automate as much of my house before I get old. Memory? We currently have AI transcription and context processing medallions, think of a decade of progress on that could get us to (please keep it opensource and the transcripts out of corporate hands). Walking? Well, lots of exo-skeletons out there. One might take off - I’m hopping for a balloon powered one. Dementia? Actual good use of context-aware genAI. Medications? Diabetics already have smart pumps, why not work on something like that for other medications?
I think once the babyboomers pass through the system, hopefully the next generations will finally begin to embrace technology and lessen the need for so many healthcare workers. I want LAN parties at my nursing home, not shuffleboard.