this post was submitted on 17 Oct 2024
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The real issue is that we have a rapidly aging workforce and there's not enough young people to replace them. With the average age of parents raising, the gap is getting larger. In the 50s it was 16 workers for every 1 retired. The 70s, 5:1. That number is now almost 2:1. This is bad. Very bad.
Higher bar for jobs. Lower wage for entry level. Later retiring age. Higher need for migrant and seasonal workers.
Aw, crapitalism will break because line cannot always go up.
Cry me a fucking river. Humanity is a cancer, and we need to be about half our current population. Yeah, we're not gonna like it when we drop that population. Our kids, my daughter, are going to have it fucking tough. But if we want to survive long term... We gotta stop.
Says Thanos who did nothing wrong. Really though, it's not rocket science to understand eternal growth is not a viable strategy. It's also obvious that the number of people on the Earth now is too much if we want them all to live a comfortable life and not to destroy the planet at the same time. How big should the population be to make things ok longterm? That is open to discussion and depends on many factors, so there's not just one correct answer.
Why would bars raise and entry level wages go down if supply is decreasing?