We are all rapidly aging and pretty much no-one is bringing in anywhere near enough net contributing migrants to offset this. What the immigration argument ove

We are all rapidly aging and pretty much no-one is bringing in anywhere near enough net contributing migrants to offset this. What the immigration argument overlooks is domestic migration, particularly urbanization. It's zero sum for sure and rural communities will be hollowed out but I think there's a real possibility that they'll be able to soak up much of the excess capacity in the coming decade. Urbanization massively increases productivity, reduces infrastructure costs etc. There's a real economic beauty to scale. Downside it suppresses fertility even further. Elder care will be a real nightmare though, but the Chinese elders are willing to accept far more modest conditions and outcomes than their western counterparts. Confucian values for better or worse really help here. It could go either way at this point.