The problem is generally overstated, because of (a) efficiency gains and (b) unemployment.
Some people were alarmist about the ageing population in Germany at the beginning of the 20th century. Their doomsday predictions turned out to be wrong because of technological advances that meant fewer working people could provide the real goods and services for more non-working people.
And what cannot be buffered by technology simply leads to lower unemployment, which is a good thing as well.
Some people were alarmist about the ageing population in Germany at the beginning of the 20th century. Their doomsday predictions turned out to be wrong because of technological advances that meant fewer working people could provide the real goods and services for more non-working people.
And what cannot be buffered by technology simply leads to lower unemployment, which is a good thing as well.