Is the French govt doomed; pension reform?

[Lilith7]

Exactly the conditions that bring on revolution - which is simply big change accelerated by reaching a tipping point, instead of the usual creeping change that we scarcely notice until we chance to look back.

Be interesting though if this pressure is added to other pressures, like those that are inevitable in the wake of climate change. Interesting in the sense used in the Chinese curse ' May you live in interesting times...'

Thoughts like that make me glad I am old.

I seem to recall that the French have a bit of history in the department of revolution; their govt would do well to keep that in mind. The plain fact is their govt (& probably almost every govt) needs to come up with a fairer system for everyone.
Whether they'll do it or not is another thing.  
And yes, me too. I'm glad to be almost about to exit stage left - but I worry about our children, grandchildren & great grand children who are going to have to cope with the mess our greed has made.

The world is a weird place. And humans are crazy.

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The writing is on the wall in terms of the taxation/superannuation imbalance as our the demographics of most countries changes as a result of the post-war baby boom working its way through their populations.

I heard a very enlightening presentation by Gareth Morgan almost 20 years ago on this exact topic. As the population ages tax take will fall and the percentage of those in the workforce will decrease. This will be countered in a variety of ways including raising the retirement age, moving females back into the workforce, and increasing reproduction rates. All will result in the same increase in taxable population but on different time scales. The amount of capital tied up in domestic real estate is also a contributing factor and long term value of 'macmansion' scale homes will be at risk of severe devaluation as the demand for such houses decreases.

"moving females back into the workforce, and increasing reproduction rates"

Well - I wonder just who will bear  all that extra work & stress...??

Never mind though - there's money to be made from childcare.

We have to do better.