ELi5 Why is the population decline a bad thing?

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Does a smaller population not benefit everyone?

In: Planetary Science

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Normally, population decline results in an “inverted pyramid”. An aging population unfit for the majority of labor roles, while simultaneously consuming more resources due to accumulated wealth and health issues, leads to an economy where fewer people have to work harder to sustain the consumption of their elders whose understanding of resource availability was developed around a time before the inversion took place.

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