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There is no problem with low birth rates in the long term. There are, however, massive problems during the many decades when the population pyramid is inverted
by Clewza313 5y ago
There is no problem with low birth rates in the long term. There are, however, massive problems during the many decades when the population pyramid is inverted and there are 4 or 5 retirees for every child, a ratio which Japan is about to hit and where South Korea will be in a couple of decades as well.
As for why this is a problem, Japan's pension system is already insolvent and the country is starting to experience massive manpower shortages in sectors like nursing, agriculture and construction. Sometime last year Japan passed the point where the amount of money & effort needed to maintain existing infrastructure exceeded the country's capability to build it, and the depopulation and dilapidation of Japan's second/third tier cities and the countryside is already striking and poised to accelerate rapidly as villages, towns and cities can no longer fund their basic obligations.
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- citrusybread 5y agoI mean, you could almost make the same argument for Canada & the US. It's mostly due to political gridlock here, but look at all the crumbling bridges and dams -- the transit that never got built, and the feeling that somehow we are wealthy yet we never have any money for important issues. Japan's GDP per capita still keeps growing. And the average Japanese still has an excellent quality of life. Japan also has so many pointless infrastructure projects; things like laying concrete into river beds to control their flows, or retention systems to stop mudslides that only started because they clear-cut forests and replaced them with sugi as a make-work project... The workers are there, if they got rid of the make-work projects.
- skhr0680 5y ago> Sometime last year Japan passed the point where the amount of money & effort needed to maintain existing infrastructure exceeded the country's capability to build it Can you share where you found that? I'd like to read more about it > and the depopulation and dilapidation of Japan's second/third tier cities and the countryside is already striking and poised to accelerate rapidly as villages, towns and cities can no longer fund their basic obligations. Isn't that a worldwide phenomenon though? Podunk towns can't keep their young people around because there is nothing for them to do and within in a generation or two they fade away. It's sad, but is there even a reason to save those towns?