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The economy needs to grow as quickly as the population because otherwise there would be a reduction in wealth on the individual level. Also, if inequality rema
by Bootvis 12y ago
The economy needs to grow as quickly as the population because otherwise there would be a reduction in wealth on the individual level.
Also, if inequality remains the same the lives of those on the bottom of society see their lives improve.
Less essential, but the people here should appreciate it, growing the economy means that young people have the opportunity to develop themselves professionally, e.g start start-ups.
- avn2109 12y ago>> "The economy needs to grow as quickly as the population..." In countries with declining populations, ought the economy to contract?
- ArkyBeagle 12y agoPossibly. It depends on how well they do exports.
- adventured 12y agoThat can be avoided through productivity gains. Germany's population essentially hasn't increased in 40 years. Their nominal GDP has increased by 15 fold in that time (even after accounting for inflation it's a significant expansion, all due to productivity gains).
- Bootvis 12y agoWell, it probably will if a large number of people leave and that doesn't have to be bad news for the ones that stay. Of course, that will depend on the specific situation. I can't come up with an example where there was a large decline in population in an area on a voluntariy basis.