Not enough people will do this work at this wage
Created by paid care: the demographic pyramid inverts and the labour is not there.
2 solutions built for it
Care workforce wages and immigration policy and Care robotics and remote monitoring.
Where Scarce resources meets Decline. Money, land, materials, and energy are never enough for every want. Scarcity is what turns a need into a market rather than a given: air is a need but not a business. It is also what makes timing central — most financial instruments exist because someone needs something before th…
3 frictions
Care costs more per year than most people saved
A nursing home can consume a lifetime's savings in a few years.
4 solutions built for it
Home equity loans and lines of credit, Long-term care insurance, Reverse mortgage and Means-tested public care funding.
To qualify for help you must first lose everything
Created by means-testing: the inheritance must be spent or hidden.