If the US economy functioned fine 10, 20, 50, and 100 years ago, when the population was ~half the size, why can’t it withstand a population decline now?

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If the US economy functioned fine 10, 20, 50, and 100 years ago, when the population was ~half the size, why can’t it withstand a population decline now?

In: Economics

15 Answers

Anonymous 0 Comments

There was half as much everything. The problem isn’t that there are not enough people. The issue is that there are not enough people to support the retirees.

Basically we would be in a situation where people are leaving jobs that are required for the country to keep working. Farmers, plumbers, whatever, because they are getting old and retiring.

They still exist in the country, despite leaving their jobs, they still need to eat food on farms and have their pipes fixed, but there are not new replacements.

So we start getting job vacancies that cannot be filled but a society that still needs them filled because people haved died off yet.

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