Raising the retirement age won’t fix Social Security, says “Dr.Doom”

Macroeconomic and Labor Market Outlook - AI and robotics integration is projected to cause long-term structural unemployment over the next 20 to 25 years [1] - Increasing the retirement age is deemed an ineffective policy response to address AI-driven labor displacement [1] - Higher potential economic growth is identified as a critical factor in mitigating debt-to-GDP ratios [2] Policy and Fiscal Strategy - Universal Basic Income (UBI) is proposed as a necessary mechanism to support the population both during employment and retirement phases [2] - Fiscal sustainability requires proactive intervention, transitioning from reactive (ex-post) to proactive (ex-ante) distribution models [2] Structural Economic Transformation - Ex-ante distribution strategies may involve government acquisition of 5% to 10% equity stakes in major technology firms [3] - The establishment of sovereign wealth funds through tech sector equity participation is suggested as a pathway toward a modified socialist economic framework [3]