If jobs are “lost” because robots are doing more work, why is it a problem that the population is aging and there are fewer in “working age”? Shouldn’t the two effects sort of cancel each other out?

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If jobs are “lost” because robots are doing more work, why is it a problem that the population is aging and there are fewer in “working age”? Shouldn’t the two effects sort of cancel each other out?

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Anonymous 0 Comments

Robots don’t buy the products they produce. Our economy is built on continuous growth. If the pool of consumers declines, fewer products will be in demand, cost will go down, less money will spent, and growth stagnates. The only ways to combat that is to increase demand and population growth is the easiest way in increase demand without significantly changing your product or marketing strategy.

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