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This feels like a non-issue. The boomer generation is probably one of the wealthiest generations in history. And the younger generations have for the most part been fairly underemployed. Feels like there is more than enough slack in the labor markets to handle the extra work, and taxes could be targeted towards the wealth assets of the boomers (stocks, real estate, etc...).

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Don't know what it's like in Korea, but in China, it's pretty common to have pension higher than local average salary if you were in the state job system, which is absolutely huge. This is due to the polical power dynamic.

Many provinces are barely scraping by, young workers are not only effectively directly supporting pensioners, they are now delaying young workers retirement age, and you better not believe the old folks will willing to eat into their own money.

A lot of the people doing physically demanding labor are also outside the country.

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