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> Africa's population surge is a liability as much as it is a benefit, especially considering they already have to import a large portion of their food supplies
by lossolo 1y ago
> Africa's population surge is a liability as much as it is a benefit, especially considering they already have to import a large portion of their food supplies.
They also need to import phones, dishwashers, and cars. But how many cars do you really use? How many phones?
Africa's population growth is projected to drive steady demand for consumer products, while the West and parts of Asia are expected to see a decline.
They have abundant natural resources, and they’re likely to become the cheapest labor force after countries like Vietnam and Thailand see rising wages and living standards.
We’re already seeing this in China, where wage growth is pushing some manufacturing to neighboring, lower cost countries.
Demand is ultimately limited by the number of people. You can produce as many goods as you want using AI powered factories but without demand, they’ll just end up in the garbage.