4 ms·
Can you give a historical example of a country that this fiscal collapse due to the "demographic cliff" has happened to?
by cool_dude85 3y ago
Can you give a historical example of a country that this fiscal collapse due to the "demographic cliff" has happened to?
- thrawa8387336 3y agoWeimar Republic count?
- cool_dude85 3y agoI'm not up on my Weimar Republic demographics but it seems unlikely that a nation with too many old people went out and started WW2.
- seanmcdirmid 3y agoWe've never been this low in a graph before, at least in modern history: https://www.macrotrends.net/countries/USA/united-states/birth-rate https://www.macrotrends.net/countries/USA/united-states/birt... What happens when we hit 10 births per 1000 people? South Korea has it even worse: https://www.macrotrends.net/countries/KOR/south-korea/birth-rate https://www.macrotrends.net/countries/KOR/south-korea/birth-... They are bottoming at 6. You never know what happens until it does. Hopefully productivity increases along with redistribution away from just the capital that provides those increases will help, or perhaps we will get in a big war or pandemic and the problem will sort itself through excess deaths.
- cool_dude85 3y agoIsn't there another option? Allowing a modest amount of immigration?
- seanmcdirmid 3y agoMaybe? I think immigration allows the USA not to be at the bottom anyways (as well as other immigrant friendly countries). But if all the other countries lean in on immigration as their way out, we won't be able to be so picky about what immigrants we take in (e.g. lesser skilled vs. more highly skilled ones). That might cause some problems.