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This is fascinating. South Korea will be about a tenth of the size by the end of the century, and working 6 days a week will not be sufficient. Delaying childr
by mensetmanusman 2y ago
This is fascinating. South Korea will be about a tenth of the size by the end of the century, and working 6 days a week will not be sufficient.
Delaying children is capturing economic gains now at the cost of the future. Governments need major subsidies (not the relatively small versions being tried) until TFR reaches 2.1.
Maybe a fun future activity for the Fed.
- baggy_trough 2y agoSufficient for what?
- mensetmanusman 2y ago“ To maintain their current quality of life, citizens across almost all high-income countries must either open their borders to new immigrants or work more.” Issue is that soon there won’t be many immigrants available as countries start fighting for them.
- baggy_trough 2y agoWhat evidence is there for the statement you quoted?
- mensetmanusman 2y agoTotal integrated (productivity * worker hours) lowers when workers fall faster than productivity improves.
- baggy_trough 2y agoThat's true but we don't know what the slope of those curves are. Also, less productivity is needed in total to support a lower population at the same standard of living.