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> But without immigration they don’t have enough workers. They have lived beyond their means for a long time. The solution is they have to either boost product
by adventured 3y ago
> But without immigration they don’t have enough workers.
They have lived beyond their means for a long time. The solution is they have to either boost productivity generally with a mostly stagnated population, have fewer people at present levels equivalent of output, or accept a lower quality of life.
You can see the fact that they're living beyond their means even in supposedly well-off countries like Denmark / Norway / Finland / Sweden / Netherlands, where the household debt to income figures have been shockingly high for 10-15 years now. They're the most indebted people in world history, pretending it's sustainable (maybe for Norway, thanks to their extreme per capita pollution output via fossil fuels).
https://data.oecd.org/hha/household-debt.htm https://data.oecd.org/hha/household-debt.htm
The Baltics and some parts of Eastern Europe, are the best positioned going forward.