every shortage is followed by glut which is followed by shortage. It's the opposite of the boomer era > The obvious one is that it is getting harder to support

every shortage is followed by glut which is followed by shortage. It's the opposite of the boomer era > The obvious one is that it is getting harder to support the world’s pensioners that was never taken for granted, the expansion of welfare was a happy accident of the largest generation the world will ever see. Also, the idea that real estate prices will keep going higher should not be taken for granted. Ideas like these are taken for granted because "boomer" generations were so dominant numerically -- and that s the reason why they loved democracy so much. We might see a regression in democracy as the world is becoming more and more expensive for everyone but the boomers. Anti-fertility is driven by the anomalous cost structures that we have created: children require physical space , they are physical objects after all. But real estate is extremely unaffordable compared to most of history (when people just built their own homes), and nobody talks about it as a global crisis (people are worried that housing prices might fall and actively discourage buildiung for environmental reasons). Instead, luxuries such as travel , tourism and touchscreens are cheap and people flock to them. Ironically low fertility will be used as a weapon for wages to go up, way up