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The rate at which that happens is the problem. The faster the population declines, the more old people there are relative to young people, the smaller your lab
by ta0987 7y ago
The rate at which that happens is the problem. The faster the population declines, the more old people there are relative to young people, the smaller your labor pool is relative to your population, the harder your economy will crash. And yes, the economy crashing does matter, because the poorest and oldest, i.e. the some of the most vulnerable, will be hit the hardest.
- chewz 7y agoThat is political problem. We have designed our world for constant economic growth and governments are reliant on growing tax base. It doesn't need to be that way.
- ta0987 7y agoI'm not sure what you're arguing for. The faster the population falls, the harder the problem is to solve. Whether it's political or not.
- throwawayhhakdl 7y agoI mean, a violent purge of non contributing old people would solve this. But barring that, a world without economic growth is grim. Tons of people virtuously declare that it’s ok if society doesn’t get richer but they don’t really understand what that means and how awful that makes societies function.
- deleted 7y ago[deleted]
- hinkley 7y agoWe have been artificially inflating demand in the West since the end of WWII. Labor for manufacturing has been in decline since the 70’s. You could easily reduce the resource intensity in the West with some cultural shifts. And the next generation may insist. Without disposable income you want things that last.