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> adjust economic policies accordingly What do you have in mind? My understanding is that this is not something there is much of an economic solution for short
by MobiusHorizons 2y ago
> adjust economic policies accordingly
What do you have in mind? My understanding is that this is not something there is much of an economic solution for short of canceling benefits (pensions / medical care)
- standardUser 2y agoImmigration solves the issue entirely. Maybe not perpetually, but for the foreseeable future.
- Barrin92 2y agoPension reform is unpopular but will need to happen in developed economies at some point or otherwise the youth that remains will completely crash out. One positive of the population pyramid is that the small next generations stand to inherit quite a lot softening it to some extent. But it's necessary. Not enough discussed is also how much potential for labour saving tech there is. The most 20 common jobs almost haven't changed in decades. Retail, transport, clerks, back office, admin, even without magic "AI" solutions, if we wanted to we could design work around drastically cutting labour already. It's actually one benefit of the demographics, a lot of automation isn't happening because manual labour is cheap in a lot of places, so there's potential for growth even.