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A an ever larger proportion of a population is too old to do significant amounts of work, the smaller proportion of healthy able bodied younger people is forced
by david-gpu 2y ago
A an ever larger proportion of a population is too old to do significant amounts of work, the smaller proportion of healthy able bodied younger people is forced to pick up the slack. This goes from teachers, to truckers, to plumbers and beyond.
This burden is made even worse as most developed countries have established pension systems that act as generational wealth transfers, where younger workers pay for the pensions of the elderly, in the hopes that the next generation of children will in turn pay for their parents' pensions.
It gets worse: that large mass of retired people now represent the main block of voters, making it very difficult to enact pension reforms that will reduce the amount of money they siphon from younger generations.
It is very easy to go from a sustainable stable population to a rapid population decline that is difficult to recover from.
- AstralStorm 2y agoIt is also somewhat easy to get a slow burn of a decline. Somehow our expectations for birth rates are based on a period of a boom. Proper stats are not used for this purpose because they would clash with the prosperity narrative. https://en.m.wikipedia.org/wiki/Demography_of_the_Roman_Empire https://en.m.wikipedia.org/wiki/Demography_of_the_Roman_Empi... Sample ignored statistics. The baby boom was fueled by enormous fall in childhood mortality. Otherwise the growth rates are apparently near zero... Our negative percentages are likely a correction over the sudden boom, which is why we see a similar reaction worldwide. Regardless of the housing prices, income or other reasons. Even in the Global South.