How is Japan in such a big pickle with the population shrinking. If an economy is based on a kids being born so they grow and sustain the aging population, how did Japan, a country known for their meticulous approach to everything, got themselves in this situation. For sure they must have seen it coming 20-30 years ago.
What went wrong? If they got it worn, how do we have it right? With the government not providing any kind of meaningful incentives for families to have kids, when will the 24th hour come for the rest of us?
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>If an economy is based on a kids being born
It’s not. It just a massive impact on the economy and the cost of things.
> a country known for their meticulous approach to everything,
(Pft, well that’s some bias right there)
>What went wrong?
The 90’s crash. “The lost decade.” Which never really ended so now they just call it “the lost decades”. The nation is up to their eyeballs in debt and can’t do much. The debt-holders are mostly Japanese (mostly Bank of Japan) and aren’t going to let anything come crashing down, but they’re not going to let go. Japan over-spent and went massively into debt. The nation faced stagnation and people’s income and wealth were depressed and it’s hard to have a kid when you’re working to the bone.
>If they got it worn, how do we have it right?
Immigration. Japan just doesn’t really let anyone in. We bring in all sorts of people, but above board and on the down-low.
> With the government not providing any kind of meaningful incentives for families to have kids,
(PFT, we DO give people more welfare if they have more kids. That’s been it’s own little pickle.)
>when will the 24th hour come for the rest of us?
[Around 2086](https://en.wikipedia.org/wiki/Projections_of_population_growth), probably latter in wealthier nations that people want to migrate to. We’ll probably feel the effects from the slowing population growth before then.
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