this post was submitted on 13 Aug 2024
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The world population is expected to start shrinking within this century after hitting a peak in the mid-2080s due to lower fertility levels, particularly in China, according to the latest projection by the United Nations.

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[–] givesomefucks 88 points 3 months ago (5 children)

Seriously.

The only people with reason to be concerned is the ultra wealthy

At literally every point of modern history, a reduction in the amount of humans was beneficial for the vast amount of humans in the long run.

Like, even the Black Death led to reduced wealth inequality and the beginnings of workers rights.

When labor is scarce, workers get treated better. When there's a surplus of workers, people are desperate for a job and will work for little.pay in unsafe conditions.

[–] ChicoSuave 20 points 3 months ago

There were riots during the Black Death too. Lots of bills and an overtaxed population lead to the Great Rising.

[–] [email protected] 7 points 3 months ago

it's almost as if the capitalist system doesn't have our best interests at heart... who would have thought.

[–] Lowpast 3 points 3 months ago* (last edited 3 months ago) (1 children)

However, who replaces the aging workforce? Who pays for social security? Back in the 60s, it was a ratio of 6 workers per 1 retired. Now, it's 3:1. Soon, it'll be 2:1. That's bad. Very bad.

A smaller working population and a large inactive population create huge labour shortages which must be filled by migrant labour which creates additional problems.

One solution is enabling people to work for longer but this is challenging. Do we push the retirement age to 75? What about the declining health and abilities of ther population.

People are having children much later than normal. Births under the age of 20 have dropped 90% in the last 10 years. We are aging faster than we are replacing.

[–] BaldManGoomba 3 points 3 months ago

I was hoping productivity or efficiency would make up for it but looks like max we have gotten is about double efficiency. 1960 TEP is 66 on the scale and today 2022 and 2021 is 164-168. Meaning we are 100% more effective. So 2 workers are more like 4 workers in the 1960s. But it isn't the same as 6 to 1 ratio sadly

https://www.epi.org/productivity-pay-gap/ https://www.mercatus.org/research/data-visualizations/how-many-workers-support-one-social-security-retiree