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In the 80s Americans were worried that Japan would leave them in the dust, yet they've had 30 years with almost no economic growth. Not exactly a great roadmap
by gman83 3y ago
In the 80s Americans were worried that Japan would leave them in the dust, yet they've had 30 years with almost no economic growth. Not exactly a great roadmap for China to follow. https://en.wikipedia.org/wiki/Lost_Decades https://en.wikipedia.org/wiki/Lost_Decades
- globalise83 3y agoIn 1980, Japan had a huge population boom in the 35-45 age range, of energetic people who had grown up during a golden age of technological and economic development. Then they were hit by a demographic timebomb... https://www.nippon.com/en/in-depth/a01001/ https://www.nippon.com/en/in-depth/a01001/ By 2060 Japanese children will be in the low single-digit millions, maybe 1/3 of the number when the experienced workers of the 80s were kids in the 1960s. There is literally nothing that can prevent it except mass immigration on a scale that would totally transform Japanese society (and which consequently will never happen).
- worrycue 3y agoChina has the same demographic timebomb. China's peak labor was like in early 2010s I believe. Their birth rate has been declining the last few decades.
- The_Colonel 3y agoChina's demographic slump is actually much more dramatic than Japan's.