Laid Off in Midlife, China’s Reform Generation Braces for Downward Mobility - The New York Times

kept by eddie mar 21

Middle-aged Chinese who grew up during the reform era are experiencing downward mobility as economic stagnation and age discrimination limit their opportunities.

The Dream of a Florida Retirement Is Fading for the Middle Class - WSJ
Florida's rising costs of living are pushing out middle-class retirees and attracting wealthy ones, reshaping the state's identity as an affordable retirement haven.
also on #aging, #inequality
Social Security at 70? Why the Gold Standard Advice Works for Only a Few - The New York Times
The standard advice to delay Social Security to age 70 maximizes benefits for few, as most retirees claim early at 62 due to financial needs or shorter life expectancy.
also on #aging, #inequality
Alex Imas and Phil Trammell – What remains scarce after AGI?
Economists argue that after AGI, scarcity may shift to human-relational services, but the labor share's fate depends on whether new capital varieties prevent satiation.
also on #inequality, #economics
ongoing by Tim Bray
Tim Bray argues that rising wealth inequality constitutes a class war the 99% is losing, advocates for wealth taxes on the ultra-rich as a democratic solution, and warns that inaction will lead to violence.
also on #inequality, #economics