Seems like there are already too many people and finite resources.
In: Economics
Because people like to retire. If you have negative population growth and a life expectancy that is over the age of retirement then you eventually get to a situation in which there are more retirees than people working.
The thing about being a human is that humans enjoy consuming goods and services. To produce those goods and services, you need humans who are actively employed in the labor force. Retirees, on the other hand, only consume goods and services without producing any themselves.
This means that in our society with more retirees than working people, you end up with a situation in which you have a very low ratio of humans working to provide goods and services compared to humans consuming them. This means that everyone has to consume less goods and services, which means that everyone ends up being much poorer.
Humans, generally speaking, don’t like being poor due to the aforementioned lack of goods and services available for them to consume.
Latest Answers