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If the population is steady (as it will be by 2050) then you don’t need to increase production unless it’s to meet needs not already met. So the growth imperati
by dools 3y ago
If the population is steady (as it will be by 2050) then you don’t need to increase production unless it’s to meet needs not already met. So the growth imperative now is mostly focused on job creation because people keep getting born. Growth in terms of absolute economic activity becomes less important if more people aren’t being added to the population however there may still be some growth necessary in order to increase equity of outcomes (although we may also just need a redistribution of existing economic activity to meet needs of the many over and above the needs of the few).
What I meant by my comment initially is that in an economy where population is increasing rapidly one can just use growth in economic activity as a pretty good proxy for prosperity.
Classic case of correlation!= causation though.
- steveBK123 3y agoWith steady population & increased lifespans, people better be ready to work til their 70s (at least) because you will have fewer workers per retiree to support them than in the growth model..