The issue is that Europe has a relatively good social safely net. An economy with little growth and more of its people retired are going to cause a decrease in benefits per person.
We have PLENTY of average benefits per person already. Currently most benefits go to rich people in the form of public investments in private companies, subsidies for often harmful industries, and a plethora of tax breaks. Growth is not the problem.
And if GDP wasn’t keeping pace, why would that be a bad thing? It’s not like growth has meaningfully improved peoples lives in the last couple decades
The issue is that Europe has a relatively good social safely net. An economy with little growth and more of its people retired are going to cause a decrease in benefits per person.
We have PLENTY of average benefits per person already. Currently most benefits go to rich people in the form of public investments in private companies, subsidies for often harmful industries, and a plethora of tax breaks. Growth is not the problem.