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Indeed. Imagine having to lower real estate prices because demand falls. Fossil fuel use going down, less useless crap produced for less people, less pollution.
by enlyth 5y ago
Indeed. Imagine having to lower real estate prices because demand falls. Fossil fuel use going down, less useless crap produced for less people, less pollution. Having to raise wages because of less unskilled labour available.
Sounds like a nightmare (for some).
- Camas 5y agoIn reality you'd just get a situation similar to Japan.
- path2power 5y agoThis is the future of most nations. A notable exception being the US, which will not have a demographic inversion in the 21st century.
- throwaway316943 5y agoMy counter argument is that humans are more wasteful when faced with abundance. Look at what we did when we discovered two continents worth of land. When perceived costs are low, waste is high.