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How can a declining population be good for labor markets? A declining population is an aging population, which means fewer people producing for themselves.
Well right now there is a high number of young people in many countries who are unemployed, is that any better for the labor market? Does it matter if the working population has to support millions of unemployed or millions of retirees? Not really.
Less people = less pressure on the labor market = less unemployed people = higher wages due to worker shortages. I don't see it as a doomsday scenario.
Not to mention that one can't take all those projections seriously because they assume things are going to be the same as now for 35+ years which is just unrealistic.
Most young people are unemployed because they don't want to work or they feel above the available jobs. Take government and parental assistance out of the equation and they'll find work.
Most young people are unemployed because they don't want to work or they feel above the available jobs. Take government and parental assistance out of the equation and they'll find work.
A lot of young people that are unemployed do want to work, but it seems most jobs out there are looking for qualified people with some years of experience which they do not have.
In Denmark female fertility is on the uptick by all accounts. Still, the government is predicting job shortages in the near future. However, that may be based on unrealistic expectations about future economic growth. More pressing is the large group of people of working age not in the work force, both Danes and immigrants. The Danish government recently tried to increase the retirement age and failed. Increasing work hours has not been legislated, but I do know that some government institutions that depend on outside financial support to survive have increased the working week hours in contracts they use to bid for project support. They do this because it decreases the the billable wage rate they can bid, thus appearing more competitive in contract bidding and negotiation. Their workforce complies. I'm not sure if this is strictly legal or not.
As Bale said, the new digital revolution will eliminate half of the jobs.
Why more people?
People will receive subsidies and only one third or less of the current work force will work.
Just like agriculture, Spain was 70 percent agriculture and now is 3 percent.
Robots.
As Bale said, the new digital revolution will eliminate half of the jobs.
Why more people?
People will receive subsidies and only one third or less of the current work force will work.
Just like agriculture, Spain was 70 percent agriculture and now is 3 percent.
Robots.
Sure, future is for technicians and their robots...
What will you do with people that have zero qualifications (they will still exists) ?
Tax robots like real workers (which is possible ofc)? Universal revenue ?
A lot of countries will also face an enormous problem when it ll come to finance the retirement of old generations...and it will come before a super-digital economy.
I'm reading about this and there are a lot of consequences (+ or -) and a lot of them with no actual solution
Well, you compensate with immigration. Since you will cut it, things will change... Your actual fertility rate is around 1.8. If it's under 2.1, you don't replace the population naturally.
But the two worst are Spain and Italy. And east Europe.
Sure, future is for technicians and their robots...
What will you do with people that have zero qualifications (they will still exists) ?
Tax robots like real workers (which is possible ofc)? Universal revenue ?
A lot of countries will also face an enormous problem when it ll come to finance the retirement of old generations...and it will come before a super-digital economy.
I'm reading about this and there are a lot of consequences (+ or -) and a lot of them with no actual solution
Technicians, I'm a qualified technician, will be obsolete as machines will replace -are replacing- us.
Sure, universal revenue based on several factors, tax on robots.
The economy will be more efficient, but no workers needed.
A solution will be found.
People could return to the countryside and grow organic products and built antique furniture, who knows?
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