The latest forecasts predict a sharp decline in the population. One reason is that too few children are being born. Immigration, even in greater numbers, will not offset the trend.
That’s the case with nearly all major problems we are facing today. Digitisation, automation, over-aging population, climate change — all of them were taught in school 25 years ago.
Some of the problems are the solution to other problems. When you have an over-aging society you need to make the working members of society more productive. You can do that with digitisation and automation. A shrinking population also helps in fighting climate change. It also helps with housing, which is a massive issue right now.
The main issue is that a shrinking population and workforce means the economy is no longer growing. That creates a lot of issues in the current economic system.
That’s the case with nearly all major problems we are facing today. Digitisation, automation, over-aging population, climate change — all of them were taught in school 25 years ago.
Some of the problems are the solution to other problems. When you have an over-aging society you need to make the working members of society more productive. You can do that with digitisation and automation. A shrinking population also helps in fighting climate change. It also helps with housing, which is a massive issue right now.
The main issue is that a shrinking population and workforce means the economy is no longer growing. That creates a lot of issues in the current economic system.