"the number of people of working age (15 to 65) is set to decline in the coming years." 1) In richer countries with better working conditions "working age" can

"the number of people of working age (15 to 65) is set to decline in the coming years." 1) In richer countries with better working conditions "working age" can be, and for many people has already been, extended into the 70s and 80s. "Working age" and 'retirement' are new concepts, not a fixed part of being human. 2) While so-called 'unemployment' is low, labor force participation rate has continued to drop: https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.bls.gov/charts/employment-situation/civilian-lab... Broken out by age: https://www.bls.gov/emp/tables/civilian-labor-force-participation-rate.htm https://www.bls.gov/emp/tables/civilian-labor-force-particip... Both of these things mean that there is still a lot of room to accommodate a decreasing "working age" population.