The thing is with a smaller population, you still have all the stuff developed for a country with a much larger population. So you do not have to put work into building more housing, transport infrastructure and so forth. That work can then be used to support the elderly. The bigger part of that is that less workers means the ratio between capital and workers shifts in favour of the workers. So they can ask for higher wages.
It’s a problem right now because the whole system has been built for eternally bigger profits and eternal growth. And it will be an issue while there’s a big elderly population. But that’s an issue right now and in the future, with the mindset of sustainability it won’t really be an issue.
Sure, but it generates a lot of problems.
The biggest problem: How can the older generation live if the younger generation can’t support them?
taxing the rich properly for once oughta do it (& preventing their own human and capital flight)
The thing is with a smaller population, you still have all the stuff developed for a country with a much larger population. So you do not have to put work into building more housing, transport infrastructure and so forth. That work can then be used to support the elderly. The bigger part of that is that less workers means the ratio between capital and workers shifts in favour of the workers. So they can ask for higher wages.
It’s a problem right now because the whole system has been built for eternally bigger profits and eternal growth. And it will be an issue while there’s a big elderly population. But that’s an issue right now and in the future, with the mindset of sustainability it won’t really be an issue.