this post was submitted on 13 Aug 2024
236 points (99.2% liked)

World News

39004 readers
2607 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

The world population is expected to start shrinking within this century after hitting a peak in the mid-2080s due to lower fertility levels, particularly in China, according to the latest projection by the United Nations.

you are viewing a single comment's thread
view the rest of the comments
[–] eran_morad@lemmy.world 163 points 3 months ago (4 children)
[–] givesomefucks@lemmy.world 88 points 3 months ago (5 children)

Seriously.

The only people with reason to be concerned is the ultra wealthy

At literally every point of modern history, a reduction in the amount of humans was beneficial for the vast amount of humans in the long run.

Like, even the Black Death led to reduced wealth inequality and the beginnings of workers rights.

When labor is scarce, workers get treated better. When there's a surplus of workers, people are desperate for a job and will work for little.pay in unsafe conditions.

[–] ChicoSuave@lemmy.world 20 points 3 months ago

There were riots during the Black Death too. Lots of bills and an overtaxed population lead to the Great Rising.

[–] Track_Shovel@slrpnk.net 7 points 3 months ago

it's almost as if the capitalist system doesn't have our best interests at heart... who would have thought.

[–] Lowpast@lemmy.world 3 points 3 months ago* (last edited 3 months ago) (1 children)

However, who replaces the aging workforce? Who pays for social security? Back in the 60s, it was a ratio of 6 workers per 1 retired. Now, it's 3:1. Soon, it'll be 2:1. That's bad. Very bad.

A smaller working population and a large inactive population create huge labour shortages which must be filled by migrant labour which creates additional problems.

One solution is enabling people to work for longer but this is challenging. Do we push the retirement age to 75? What about the declining health and abilities of ther population.

People are having children much later than normal. Births under the age of 20 have dropped 90% in the last 10 years. We are aging faster than we are replacing.

[–] BaldManGoomba@lemmy.world 3 points 3 months ago

I was hoping productivity or efficiency would make up for it but looks like max we have gotten is about double efficiency. 1960 TEP is 66 on the scale and today 2022 and 2021 is 164-168. Meaning we are 100% more effective. So 2 workers are more like 4 workers in the 1960s. But it isn't the same as 6 to 1 ratio sadly

https://www.epi.org/productivity-pay-gap/ https://www.mercatus.org/research/data-visualizations/how-many-workers-support-one-social-security-retiree

[–] Aurenkin@sh.itjust.works 21 points 3 months ago

Yes we are, but with appropriate precautions.

[–] fluxion@lemmy.world 15 points 3 months ago* (last edited 3 months ago)

But muh free revenue growth

[–] Beaver@lemmy.ca 10 points 3 months ago (1 children)
[–] nondescripthandle@lemmy.dbzer0.com 12 points 3 months ago

More than cry, they'll crash the market over their fears of less profit than last year, then they'll get government aide, and then we'll pay for it for the next decade until they do it again.