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Europe's working age population is declining, and it will continue to do so for the foreseeable future unless old, retired Europeans undergo a major change in a
by tuatoru 5y ago
Europe's working age population is declining, and it will continue to do so for the foreseeable future unless old, retired Europeans undergo a major change in attitudes to immigration.
IIRC the decline is about 1.5% per year and it is forecast to increase considerably.
The same has been true of Japan for two decades,South Korea for one decade, and China's working age population peaked in 2015. China is running out of people in its rural areas that it can draw on for its factories.
The USA, Canada, and Australia are propped up by immigrants.
(Work, GDP, is done by working age people. This is not always obvious to economists.)