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You assume the labor supply always growing. Eventually world population is supposed to peak and start shrinking. Then accepting more immigrants won't be an opti
by unishark 6y ago
You assume the labor supply always growing. Eventually world population is supposed to peak and start shrinking. Then accepting more immigrants won't be an option anymore. What happens when most of a population are elderly and unable to do most kinds of work?
- XorNot 6y agoThis is a sea-change I'm expecting to see in my lifetime which will have a lot of flow on effects. The baby-boomers have had an outsized influence on everything since being an oversized generation means not only have they consumed and held onto more of everything finite (i.e. real estate) but they've also stayed as the principle holders of high level positions for longer (since normal sickness/early death doesn't remove them - another boomer is able to simply step into the role on the basis of experience). We really haven't seen a world where the labor supply follows a more normal age pyramid, and the markets are all assuming that what's true now will always be so.