In light of new data showing China's population shrinking for the second year running, a Shanghai-based think tank has drastically changed its 2100 forecast.
Not necessarily. Pension systems will be strained, many economies of scale might break down, infrastructure might become too expensive to maintain with reduced taxpayer funding. Most young people will work to support old people leaving little leftover economic potential for anything else.
A lot of people think that we can solve it with automation, but initial investment required to do that might become too expensive before it becomes necessary.
Not necessarily. Pension systems will be strained, many economies of scale might break down, infrastructure might become too expensive to maintain with reduced taxpayer funding. Most young people will work to support old people leaving little leftover economic potential for anything else.
A lot of people think that we can solve it with automation, but initial investment required to do that might become too expensive before it becomes necessary.