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That depends very much on how technology progresses during coming decades. If we get something like AGI, then having less working age people may be a good thing
by rwyinuse 1y ago
That depends very much on how technology progresses during coming decades. If we get something like AGI, then having less working age people may be a good thing, because there will be much, much less demand for white collar workers at least.
In the mid 2000's when I was a kid, at school I was taught that there would be a HUGE labour shortage once certain large generations retire, as younger generations are much smaller. Guess what, they retired a decade ago, and yet my country has the second highest unemployment rate in EU, with a very weak job market for fresh graduates in particular. Increased efficiency & automation ate all those jobs, nobody was hired to replace many of the boomers who retired. I doubt the future will be any different.