Having fewer people and shrinking population is bad for the economy in all cases.
Except if Robots & AI & Longevity medicine cause a radical revaluation of labor and humans start to live forever (work forever) and AI causes radical deflation in all core administrative services.
It is possible that is exactly what will happen. Cathie Wood thinks so, anyways.
Demographic collapse seems ominous, but technology superadvancements offsets it. More than offsets it with AI.
If people live better lives because of a compressing demographic pyramid (causing scarce labor to drive up wages and people not having unintended or unwanted children that would’ve otherwise become future underpaid and unappreciated labor), let the economy get wrecked. “Starve the beast.” It’s certainly not doing anyone who isn’t exposed to investment vehicles any favors (see down thread convo about stagnant economics in developed nations [1]).
Except if Robots & AI & Longevity medicine cause a radical revaluation of labor and humans start to live forever (work forever) and AI causes radical deflation in all core administrative services.
It is possible that is exactly what will happen. Cathie Wood thinks so, anyways.
Demographic collapse seems ominous, but technology superadvancements offsets it. More than offsets it with AI.