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Only if productivity is flat. If productivity grows faster than the population shrinks you can still have a growing economy with fewer people.
by amanaplanacanal 5y ago
Only if productivity is flat. If productivity grows faster than the population shrinks you can still have a growing economy with fewer people.
- rayiner 5y agoProductivity grown in the service sector (2/3 of the economy) has been just 0.9% annually since 1947: https://aneconomicsense.org/tag/productivity/ https://aneconomicsense.org/tag/productivity/. It’s pretty much stopped growing over the last couple of decades.