in reply to Carlos Solís

The rich in this case == old people. People over 55 own 73% of the US. Billionaires don't come close to the wealth of boomers. In countries with national pensions they just do it via taxation, in the US it's via retirement funds invested in the companies abusing workers.

People don't seem to get that everything has a cost in human labor to it and if you want people to continue enjoying the benefits of what is actually a pretty good economy all things considered, there need to be enough workers. If there are not enough workers, you can't have retirement anymore. In fact, a few decades from now we'll have to get rid of retirement as a concept unless we want actual slavery.

in reply to jaybone
People forget how much was going right in the 90s, especially in the states. Boomers were in their prime working years, paying into Social Security instead of collecting it. Women’s participation in the workforce had hugely expanded. Also a decade of strong economic growth and job creation meant more people working, lower unemployment, and more money going into the system. It allowed the US to briefly reverse the decades-long decline in the number of workers supporting each Social Security beneficiary, and then kept that ratio stable for a while. Obviously some of that was demographic luck, but the Clinton economy was actually putting people to work.
Esta entrada fue editada (ayer, 16:44)
in reply to Serinus
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What those „retiree per worker“ graphs always fail to mention is how productivity increased over the same period.

Those two workers today produce about as much as 8 did in the 50s so supporting the retirees should in fact be easier today, not harder.

That it isn’t is because wages didn’t increase proportionately.

Esta entrada fue editada (ayer, 8:43)
in reply to limdaepl
That it isn’t is because wages didn’t increase proportionately


Yes, because your wages go to said retirees. Who do you think owns all the companies not increasing your wages?

in reply to superduperpirate
Specifically, the peasants had more bargaining power for better conditions because the absolute decrease in their number made each of them more valuable to the ruling class as individuals. There was an increase in peasant revolts and concessions to the peasantry following the black death partly for this reason.
Esta entrada fue editada (ayer, 14:51)
in reply to 🍹Early to RISA 🧉

The people that want higher birth rates don't care about higher wages, the environment, or people's safety.

They just need workers they can milk them until they can't work anymore. They need these workers to spend all their money so they have to keep working.

in reply to whalesnrainbows
It's a dog whistle every time.


Population decline isn't inherently a problem (unless you're a racist worried about "your people" losing power). Too rapid population decline is a big problem. We're already seeing the effects: When the sum of birth rates and working-age immigration fall fast enough, the ratio of working-age people to care-needing people also falls. I don't think I need to explain why it's a problem that every able-bodied working age adult will be responsible (directly or indirectly) for taking care of more people. It puts more pressure on everyone, and impacts societies ability to care for those in need of it.

A controlled, slow, population decline would probably just be a good thing at this point. However, that's not what prognoses are pointing towards, and that's why (non-racist) people are worried.

in reply to thebestaquaman
Esta entrada fue editada (ayer, 23:53)
in reply to GonzoAtBarstow
Worry about population decline isn't about wanting more people. It's about wanting there to be enough working-age people to cover the retirement and medical payments of the ones no longer working. We know exactly how many 30-year-olds we'll have in 20 years and it's simply not enough. Something has to give and usually the first to go is the benefits for the people who most need them.
in reply to Fallibilist
in reply to Fallibilist

Elon Musk could end world hunger. Full stop. He wouldn’t even notice the dip in his finances. (He offered once, claiming if someone gave him a concrete number, he would pay it, and a nonprofit took him up on it. Surprise, surprise, the whiny little snit backed out.)

They totally could fix the problem. But to those rich shitheads, it’s not a problem. It’s a feature.

in reply to GonzoAtBarstow
The problem with calling it a ponzi scheme is that this would apply in all contexts, even in very basic economies without money. If you have a tribe of hunter gathers and suddenly they have a sharp decrease in their birth rate, they too would have a hard time taking care of their elderly/children.
Esta entrada fue editada (ayer, 17:51)
in reply to Fallibilist
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Why the obsession with only retirees? What matters is the dependency ratio.

The dependency ratio counts the total number of dependents, not just the retirees the eugenicists like to focus on. By the end of the century, globally we'll have a dependency ratio similar to the level it was in the mid-20th century.

in reply to Law Abiding VPN User
Literally the opposite of what's being talked about? The issue is people aren't having enough kids and our economic system is predicated on there being enough people working to support those who don't work (kids, retirees, disabled people). Over the coming decades, we won't have enough people for all the people who need to be supported.
in reply to 🍹Early to RISA 🧉

The population isn't declining, though. See for yourself: worldometers.info/world-population/

Edit: Granted, it is in some countries: China, Germany, Italy, Japan, South Korea to name a few.

Esta entrada fue editada (ayer, 5:47)
in reply to chunes
Scroll down that page a bit and you'll find the "Rate of Growth" chart where you can see a clear decline in birth rate increase globally since the 1960s and it'll only be another decade or so with current trends before we are in genuine negative population growth. And that's also assuming there are no more pandemics and/or global scale ecologocial catastrophes likely to happen in that time (there almost certainly will be).
in reply to chunes
The slowing down of population growth is real though. Trend of fewer children is across the board not just developed countries. Current trajectory estimates population to peak out in 2050-2080 and then decline, for some in their youth in next 30 or 50 years may not be that too far to completely dismiss.
in reply to 🍹Early to RISA 🧉

There are real challenges to population decline, especially rapid decline like Korea, Taiwan, Ukraine, russia, and China are facing.

The US and Great Britain are not looking at that rapid decline. For us, it's a problem to be managed. Every generation of schoolchildren is 75% the size of the preceeding generation.

That's manageable. No promises that we will do anything to manage it, but it's not crisis level. Other countries will have greater problems. JApan has been doing Allright.

in reply to Triasha

Japan has not been doing all right. Their economy has long stagnated, working conditions have been maintained rough with very long working hours and recently they have pivoted on their isolationism bordering on racism to accept workers for outside Japan.

It’s not horrible, but it’s not all right either

in reply to OctopusNemeses

Booms have market opportunity, and busts have market opportunity.

That said, having too many people to do the work is a lot less dangerous than not enough people to do the work.

The bust comes with a high risk of a total economic collapse. Those houses get cheap, but food, sanitary, and energy security are at risk. Living in a rotting infrastructure is very different than living in an expanding but underdeveloped infrastructure.

Leveling out or a slow population decline would be good in some scenarios. If we're going from 2.5:1 down to 0.25:1, you'll end up with another boomer wave, pissed off at the government, ripe for scenarios that make today's problems seem like an annoying party.

in reply to 🍹Early to RISA 🧉

Who's gonna build that real estate with fewer people around? Where would money for higher salary come from with fewer customers?
Pollution argument is a "carbon footprint" type of bullshit to shift responsibility to general population from companies that actually do most of pollution, and violently defend their right to do so.
Communities become less highly knit because of third spaces dying, phones colonising spare time, and algorithms pushing people to have worse view of world and each other.

Increase population should increase efficiency (economies of scale, many products of intellectual labor being infinitely replicatable) - and efficiency did increase at the same time as population. It's just that salaries didn't.

Mental gymnastic to make worsening conditions of ordinary people somehow fault of other ordinary people.

in reply to UltraGiGaGigantic
Just because toxic algorithms are making people worse doesn’t mean they’re inherently good, nothing that person said implied that. But also, buddy, you seem kinda depressed, and I’m sorry for that. Most people are basically good most of the time. The vast majority of everyone wants what is best for everyone else, we just have really shitty information about each other.
Esta entrada fue editada (ayer, 14:58)
in reply to Funkt4st1c

Raising wages fucks the people trying to retire because their stock holdings lose value. It'll have to be slavery if you want to continue having retirement as a thing. Ideally colonialism + slavery, just import slaves from countries still experiencing population growth, such as many African ones...

Wait I think something about this idea might be problematic

Esta entrada fue editada (ayer, 15:47)
in reply to 🍹Early to RISA 🧉
Okay, but retirement is based off there being more people working than not, so in countries with national pensions we'll have to significantly raise taxes, and in countries without such a system, retirees who are invested into index funds, need publicly traded corporations to start underpaying their employees even more (it's really eye-opening when you realize people over 55 own 73% of all the resources of the US, from money to stocks to real estate).
in reply to boonhet

Sounds to me like we'll have to do a communism, i.e banding together to help each other out more, to allow people to retire in comfort. The horror!

(Just in case it seems like I'm dismissing anything you said, I'm not, and thank you for your analysis. My main takeaway is that it seems an unavoidable problem)

Esta entrada fue editada (ayer, 16:28)
in reply to Jax
Population decline is a global phenomenon. You can't offset this loss with immigration when the countries people are coming from are also experiencing a population decline. We (in the West) are currently using immigration to offset this loss now, but when the population decline really starts hitting other parts of the globe (as it is projected to do within the next few decades) then that will no longer be a solution.
Esta entrada fue editada (ayer, 18:24)
in reply to ageedizzle

Actually it is a communism vs capitalism thing. The problem arises in both, but the solutions available depend on the system. I reccomend you look up how China is handling its massive elderly population. For example the elderly there have huge public parks and get outside moving and socializing a lot. In big cities it's common for them to have mid day slow dance meetings in the parks. This is only possible because the government's priority is not producing profit for billionaires but caring for its people. So it maintains these things and the public transport required to get the elderly there, and the assistance to keep them fed and healthy.

This video is 15 years old: youtu.be/SvmV7GRRPq0

When people stay active and a part of their community into their old age instead of sitting in their huge houses alone or in a nursing home they require much less support to keep living.

in reply to ageedizzle

No, it's about the scale of society and how we support ourselves in retirement, though. See, if retirement funds rely on, as the guy above me says 1. Companies underpaying their employees and 2. Governments taxing a group of more people in the below generations than there are to support in the top - then those are unsustainable sources of retirement comfort.

So what would be sustainable? Well historically, and in some countries today, old people need family to support them into old age. You would need either your own kid, with their own house big enough for you, or a rich little nephew with a house big enough for all you and your siblings to live in while retired.

Or... We just do the decent thing and take care of non-relatives. To ease the load on, say, retirement homes, we'd need to agree across society to bring the old people into communities of younger adults, and those younger adults would need to check on them regularly.

Sice this requires a community binding together, you might call it "communism." Though it isn't necessarily Marxism.

Esta entrada fue editada (ayer, 18:52)
in reply to locahosr443

Also the ratio is a lot higher in nursing homes. Yes you might have a ratio of x nurses to y old people, but you also need to consider the people indirectly contributing. Like the trades people who built the building, or the people who pay for the care through taxes or otherwise, the people working to route electricity, the pharmacists making all those medications that the old people need, etc.

Also, we need people to do jobs other than working in nursing homes. We can't have all our workforce caring for the elderly.

Esta entrada fue editada (ayer, 22:16)
in reply to ageedizzle
Why do you care about the ratio of workers to old people? What matters is the ratio of dependents to workers. We have more retirees, but we also have fewer children. This isn't that hard. If we could manage the Baby Boom of the 50s, we can manage this.
in reply to boonhet
Hogwash. You forgot the other half of the equation. We don't have as many children to support. Notice how people obsessed over birth rate always focus on the retiree:worker ratio rather than the dependent:worker ratio? The problem disappears once you realize we can simply take money that we were spending on childcare and shift it to eldercare.
in reply to NotAnOtter

Well no. That’s a wildly incorrect take.

Birth rates are already decreasing and are below replacement rate in many places already. Fertility rates are at an all time low. They naturally decrease as income and quality of life increases.

The global fertility rate is 2.2 births per woman. Which is just barely above replacement. In most developed nations, that rate is down in the 1.6 range, well below replacement.

Total Human population is excepted to peak within 50 years and then begun naturally declining, but many countries are already there. China has seen several consecutive years of population decline. India is seeing a leveling off of population growth and will soon decline. The US is increasing solely off of immigration. Japan has a decreasing population. Same with Korea. 8 EU countries have seen population declines over the last 20 years.

If you wanted to see population decline in the US specifically, banning immigration would do it and we’d see a decline in the next census.

in reply to adjectivenoun

We're talking about a global phenomenon here. It's pretty racist to assume that other groups of human beings are somehow fundamentally different from your own. It's pretty xenophobic to believe that the countries with high birth rates will just maintain them forever.

The problem isn't the US running out of workers. The problem is the entire world running out of workers.

in reply to alcoholicorn
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in reply to 🍹Early to RISA 🧉
in reply to 🍹Early to RISA 🧉

Considering how people struggle with the comparatively small hiccup that is the current Iran-US war, I find it hard to believe that all commenters here would be fine when global trade dwindles.

I however am built different and would simply survive economic and societal collapse.

in reply to Tudsamfa

If society is constantly getting richer every single year and has for decades... Why are people still struggling? Either poor people are unreasonable/irrational, we don't actually care about reducing cost of basic necessities,or the wealth increases are being siphoned out elsewhere.

Population decline would be a non-issue in a functioning economy, because a small shrinkage of the economy would be a non-issue.