Demographic declines are on the horizon for most of the rich world. As mentioned in the article, it’s going to set up an interesting shift in labor-management relations, as worker scarcity gives more bargaining power and freedom to employees (offset to some extent by immigration and automation). Population declines (due to plague/war/famine) in the late Middle Ages helped bring about the end of feudalism – it will be interesting to see what effects low-birth rate have in the late 21st century and beyond.
I mean yes, but it will still take a while especially as central banks are working to collapse job demand, but businesses to be forced to pay higher wages that they should have been paying.
Businesses could have more profits and avoid demographic decline, but they decided to try to screw over the workers for next quarter’s profits
Isn’t is strange that banks went to AI like 30+ years ago ((ATMs) and finally all these years later, hotels, movie theaters, supermarket checkouts, etc have finally switched over. I’m not saying it’s good, just that the lag was surprising.
Japan’s government will play romantic matchmaker https://www.cbsnews.com/news/japan-birth-rate-population-decline-government-matchmaking-marriage-children/
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Demographic declines are on the horizon for most of the rich world. As mentioned in the article, it’s going to set up an interesting shift in labor-management relations, as worker scarcity gives more bargaining power and freedom to employees (offset to some extent by immigration and automation). Population declines (due to plague/war/famine) in the late Middle Ages helped bring about the end of feudalism – it will be interesting to see what effects low-birth rate have in the late 21st century and beyond.
I mean yes, but it will still take a while especially as central banks are working to collapse job demand, but businesses to be forced to pay higher wages that they should have been paying.
Businesses could have more profits and avoid demographic decline, but they decided to try to screw over the workers for next quarter’s profits
Isn’t is strange that banks went to AI like 30+ years ago ((ATMs) and finally all these years later, hotels, movie theaters, supermarket checkouts, etc have finally switched over. I’m not saying it’s good, just that the lag was surprising.