- cross-posted to:
- globalnews@lemmy.zip
- cross-posted to:
- globalnews@lemmy.zip
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Good news for one of the most overcrowded, underemployed, and resource-starved countries on earth.
What are you talking about?
Japan.
With a collapsing economy. Ya, sounds great.
Can you eat an economy? Can you shelter in an economy?
The economy is made up. Complete bullshit. It isn’t gold or silver nowadays, or even paper. It’s ones and zeroes. And ones and zeroes don’t mean a thing.
Food and energy and housing are real. Things Japan desperately needs more of, and a declining population will provide more of, per person.
Will any real people give a shit if total GDP is going down when GDP/capita is going up?
No, but billionaires will.
They will when nobody can afford to retire.
“Nobody can afford to retire”?
You’re saying that a declining population will increase unemployment?
With a declining population, there is no one to support an aging population.
“The effects of a declining population can be negative. As a country’s population declines, GDP growth may grow even more slowly or decline. If that condition continues, a country would experience an economic recession. If these conditions become permanent, the country could find itself in a permanent recession.”
“A rise in the dependency ratio which would increase the economic pressure on the workforce”
“ crisis in end-of-life care for the elderly because there are insufficient caregivers for them”
Japan has chronic underemployment. The increase in elderly will create jobs in healthcare. As people retire, they spend more and save less. This is Econ 101.
As far as accounting, Japan has no problem issuing government bonds when their banks go upside down investing in overvalued real eastate. Do they have a problem issuing bonds to cover temporary gaps in their social security?
And I hate to be the one to tell this to you, but the elderly won’t live forever. So this is a temporary “problem.”
They’re not exceptional, just early.
