This is an interesting article about population growth and its relation to the environment, but it also has other implications.
If this eventuates - and it is happening - then maybe low unemployment is permanent and maybe this is how some of the transfer of wealth from boomers flows to younger generations? Workforce scarcity is going to become permanent and put pressure on wages, and boomers and who ever follows is going to have to pay for the services they expect. Maybe this is how the wealth boomers have accumulated will be returned?
The obvious alternative is the government will pay for them - as usual - but that is not sustainable. Younger generations simply will not be willing to pay for it and we are already seeing those younger generations are now in control of the political debate.
World ‘population bomb’ may never go off as feared, finds study
Population likely to peak sooner and lower than expected with beneficial results – but environment is priority
www.theguardian.com
If this eventuates - and it is happening - then maybe low unemployment is permanent and maybe this is how some of the transfer of wealth from boomers flows to younger generations? Workforce scarcity is going to become permanent and put pressure on wages, and boomers and who ever follows is going to have to pay for the services they expect. Maybe this is how the wealth boomers have accumulated will be returned?
The obvious alternative is the government will pay for them - as usual - but that is not sustainable. Younger generations simply will not be willing to pay for it and we are already seeing those younger generations are now in control of the political debate.