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Aging population, lower economic growth (less consumer demand for goods and services).
by nly 3y ago
Aging population, lower economic growth (less consumer demand for goods and services).
- zelos 3y agoLess pollution, less global warming, lower use of resources, less conflict.
- pyuser583 3y agoCounties with declining populations tend to become industrial catastrophes. Japan and Fukushima come to mind. Russia does too. Russia and Ukraine both have abysmal fertility rates. I don’t see less conflict there. Or between China and Taiwan.
- croes 3y agoI doubt that that's a causality. Japan isn't a catastrophe compared to any country with a rising birth rate. And Fukushima was an accident caused by a natural disaster and human errors. More babies wouldn't have prevented that.
- croes 3y agoAging population per se isn't a problem, because better hygiene, lower child mortality and enough food creates the same effect. Lower economic growth doesn't have to be. Fewer people means less supply on workforce means higher wages means higher purchasing power. The existing people would like to be more, but can't afford because of low wages. Fewer people will give them leverage.
- ehnto 3y agoHigher purchasing power per person not overall. That would increase the wealth inequality divide and the aging population would suffer as lower and middle class services struggle in favour of high wealth services. We are seeing that in clothing at the moment, high end clothing is doing really well but serves fewer people. Japan is a country to watch, it has an aging population but historically good support for middle class services through lots of small businesses. If that changes for them it is a bad sign for the West, as we generally have greater wealth divides to begin with.
- croes 3y agoI'm talking about workers, they are mostly middle and lower class. Your example of higher clothing, it's not the workers who do really well, it's the designers and labels. Wouldn't consider them as workers.