France and Britain are in thrall to pensioners

    https://www.ft.com/content/d419bd2d-a6ba-44a5-a93a-1276f3e5d2d7

    Posted by technocraticnihilist

    1 Comment

    1. reluctant_deity on

      You can add Canada to that list. The federal government is happy to raise OAS (their national old-age pension) above inflation consistently while allowing international students and their families to work in an effort to combat said inflation by suppressing wages at the lower end of the economic scale. There are only two viable parties and both are onboard with this scheme.

      That being said, the UK’s triple lock is particularly egregious, and France kind-of gave away the game in that it will all disappear once the boomers are no longer the largest cohort.

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