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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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This is true, but it's not like South Korea will just be producing slightly less consumer goods. Their population will soon be majority senior citizens. These seniors need people to provide and care for them. I've read estimates that even if every working South Korean quit their job and became a nurse, there still wouldn't be enough nurses to care for the elderly population. Of course, every single worker in a country being a nurse would be a terrible idea, but it just goes to show how lopsided their demographics are.
The biggest issue here is that, ironically, South Korea's older population is staunchly against any and all forms of immigration. South Korea isn't the only country filled with old people, but they're one of the only ones that refuse to import young people from other countries in order to balance things out.
These studies warning of collapsing economies are a way to try and persuade South Korea's old people to allow immigration before their country collapses.
They’ve really done it to themselves. Worked up into a religious fervor wishing the days of the 70s dictators would come back, where the disabled, dissenting students, and activists were rounded up and killed wholesale.
And before the chuds roll in, yes I have personally seen this. It’s almost universal with the older demographic.
These are people that worship the dictators of old to this day, keeping massive portraits of them in their homes.
Working the younger generations to death and keeping all the profits their labor generated. They have miraculously speedrun capitalism in two generations. Went from subsistence farmers to gleaming cities to complete societal collapse in 50 years. Fascinating.
They haven't collapsed yet. This is a warning, not a prophecy.
once their population crashes in a decade or so it'll probably be really rough for another decade before they bounce back. Samsung/LG's days are numbered though, unless they start offshoring everything now