With society and the world like *gestures at everything*, should population reduction be a good thing? Why are we hearing about countries encouraging population growth? Economic impact of some sort, I assume?
In: Economics
Retirees consume resources but they don’t produce resources. They need younger workers to produce resources for them. The more young workers there are, the less each worker has to contribute to the retirees. With lower population growth, there are fewer workers around to support the retirees, so they all have to work harder.
Latest Answers