if productivity keeps going up so much, we do we still need to keep growing the population?

Question

if productivity keeps going up so much, we do we still need to keep growing the population?

In: Economics

Answer 1

We don’t. However, an aging population without enough young people to pay for social security and Medicaid (or other similar programs outside the US) can be a problem. Also, an aging population means a smaller percentage is contributing to the economy as a whole to support the needs of the entire population.