2011 November 08 Tuesday
Immigrants To Sweden Heading For Old Age Poverty

Naturally, the more productive will be made to pay more to support them.

Unless action is taken, Sweden will soon have a large new group of poor pensioners immigrants with a weak attachment to the labour market. This gloomy future scenario is revealed by a new government inquiry on the pension system carried out by researchers from the School of Business, Economics and Law of the University of Gothenburg on behalf of the Social Council at the Ministry of Social Affairs. But the inquiry also shows that there are ways of improving the expected standard of living.

"When we looked at the economic resources of immigrants from a country outside the OECD area, we found that this group has far worse prospects of achieving a high standard living as pensioners than those born in Sweden. And the public pension system in its present form will not succeed in evening out these differences when the pensions are taken," says Lennart Flood, professor of economics and one of the members of the inquiry.

The better solution: stop letting in low-skilled immigrants. Will the pain on the public purse ever become large enough to stop the influx of the poor? This isn't the 19th century with lots of factories to give them jobs.

Share |      By Randall Parker at 2011 November 08 07:58 PM  Immigration Economics


Comments
solaris said at November 9, 2011 1:04 PM:

A Scandinavian economist once said to Milton Friedman: "In Scandinavia we have no poverty." Friedman replied, "That's interesting, because in America among Scandinavians, we have no poverty either.

But I guess that won't be operative in the Brave New World Order being ushered in by the transnational elite.

Make Believe Media said at November 10, 2011 7:33 AM:

I rather think that this problem is going to resolve itself soon, don't you.

After all, ethnic Russians are becoming very racist :-)

Rama Kandra from Matrix said at November 13, 2011 1:20 PM:

education bubble:

http://www.huffingtonpost.com/2011/11/08/venetia-orcutt-george-was_n_1081531.html

people seem to think the students got a good deal. wow!

the us is well and truly screwed.

Make Believe Media said at November 13, 2011 3:14 PM:

Rama Kandra says:

"The US is well and truly screwed."

Well, after the population reduction, it will mostly be the capable who survive ... so I wouldn't worry.

Lunaris said at November 13, 2011 4:09 PM:

These guys make a lot more sense.

http://www.youtube.com/watch?v=2qe03mYVfmg

Rama Kandra from Matrix said at November 13, 2011 7:31 PM:

"Well, after the population reduction, it will mostly be the capable who survive ... so I wouldn't worry."

what reduction? i can only see the population increasing. the us in industrialized enough to support many more people. it is the quality of life that will diminish substantially.


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