You’re right and that’s exactly where the problem arises. We’re seeing projections in some places where the need for care workers of various types looks like it will be larger than that countries workforce can bear. I.e., at current levels, there wouldn’t be anyone to work at McDonald’s but then also not enough to work in more necessary roles, basic government, infrastructure, etc.
I could keep talking about this for awhile, you keep touching on good points. One thing that is kinda interesting is that there seems to maybe be a correlation between countries with the lowest birth rates and having a restrictive stance on immigration. Not sure we have actual causation, but we might be relying exclusively on technological improvements and I’m not sure we’re close enough yet for that to work out in time. South Korea might already be fucked.
You’re right and that’s exactly where the problem arises. We’re seeing projections in some places where the need for care workers of various types looks like it will be larger than that countries workforce can bear. I.e., at current levels, there wouldn’t be anyone to work at McDonald’s but then also not enough to work in more necessary roles, basic government, infrastructure, etc.
Increased worker productivity via technology can also help here. Also, immigration.
I could keep talking about this for awhile, you keep touching on good points. One thing that is kinda interesting is that there seems to maybe be a correlation between countries with the lowest birth rates and having a restrictive stance on immigration. Not sure we have actual causation, but we might be relying exclusively on technological improvements and I’m not sure we’re close enough yet for that to work out in time. South Korea might already be fucked.