It just seems like we could adjust our economy to compensate for a shrinking population. The answer of paying your working population more seems so much easier trying to get people to have kids they don’t want. It would also slow the population shrink by making children more affordable, but a smaller population seems far more sustainable than an ever growing one and a shrinking one seems like it should decrease suffering with the resources being less in demand.
In: 1173
The truth no one wants to say is, yes, but it would be at a cost to GDP/standard of living. How much is debatable.
It is “bad” because we functionally borrow from the working age to pay for the non working age. If you reduce the birth rate, that ratio falls, decreasing standard of living for either side of that equation, or distributed amongst them.
Latest Answers