Why does population decline considered as a bad thing?
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It doesn’t mean so much as far as the actual number of people is concerned, but the proportions of age groups. The oldest people generally do not work and need care from younger people. With too many care-receivers and too few caregivers, a lot of those old people are going to suffer.
But aside from individual experiences, the economy will also suffer if there are fewer workers. For a simple example, imagine going to the grocery store and it’s disheveled and poorly stocked because too few are available to work there. Severe population decline would see results like that across many industries.
That’s not to say it can’t be dealt with (automation is probably our best bet) but it is likely to suck in the short term.
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