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This thing is a slow motion train wreck that's already half over. A lot is already baked in. Even if you could convince young people to start having a lot mor
by cameldrv 3y ago
This thing is a slow motion train wreck that's already half over. A lot is already baked in. Even if you could convince young people to start having a lot more babies overnight, there are three times as many 50 year olds as 1 year olds. You can't go back in time and create more one year olds or 10 year olds, and so even with replacement fertility, 20-30 years from now there will just be way less people of childbearing age.
Also 20 years from now, retirees are going to be the majority of the population. Since Korea is a democracy, this means that the government's priorities and budget are going to cater to them, not the 25 year olds trying to start a family. That means generous old age benefits funded by high taxes on working age people, making it all that much harder to afford a family, especially a large one.