3 ms·
Tough question. Short answer is nobody really knows. What you're asking is sort of like this, "the big dam is breaking apart right now because of all the rain,
by MR4D 7y ago
Tough question. Short answer is nobody really knows.
What you're asking is sort of like this, "the big dam is breaking apart right now because of all the rain, and the rain isn't letting up. What do we do?"
Demographic challenges are really tough to overcome because they affect the demand of everything. As people have fewer kids, there is not as much need for schools, or teachers, or pencils, or wood to make those pencils...
As people get older, they tend to want smaller houses (kids are grown and out of the house). Smaller houses use less wood, less heating and air conditioning, etc.
One last thought for you: Japan, doesn't have millennials. That's right - there was never a second big population boom after their baby boomer generation.