When population is increasing you get bigger and bigger workforce and also more and more consumers.
When it is decreasing your workforce not only get smaller, but get smaller faster than the older population. And in total you get less consumers too.
So in a growing population situation, you can take loans with high interest rate and open business knowing you will have cheap labor, thanks to all new young people becoming adults, and over time lots of new consumers, so your business has guaranteed growth.
But if your population is declining, labor become expensive as each year there are less young people and less workers in total, while total demand also gets smaller but not fast enough. So taking a high interest loan is stupid idea, you have guaranteed high costs, and less sales long term, thus your business profits will never be bigger than the interest and you will eventually go bankrupt.
High interest rates incentivize people to save now to spend more in the future and low interest rates incentivize people to spend now and spend less in the future.
Young people tend to be in the spend now camp as they purchase homes, cars and other big ticket items that they will pay with based on increasing incomes. Older people tend to save now so they can purchase what they need in the future when they have declining incomes.
The ratio of going to old influence interest rate demand.
High interest rates incentivize people to save now to spend more in the future and low interest rates incentivize people to spend now and spend less in the future.
Young people tend to be in the spend now camp as they purchase homes, cars and other big ticket items that they will pay with based on increasing incomes. Older people tend to save now so they can purchase what they need in the future when they have declining incomes.
The ratio of young to old influence interest rate demand.
"Unable to check for updates Could't communicate with a helper application." That is the error I am getting when trying to update from on macOS 13.3.1 on a M1 2020 MacBook Air.
Thats what suprized me as well. I have one friend who was level 7 at google on the youtube team. His whole team was cut in the 1st round of layoffs.
He had been at google for 12 years.
What a fascinating person! Personally, I prefer to run 10 miles on a trail in the morning then go to work and grind. Vs trying to combine exersize and work.
