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Re:The world might run out of people by rainworld on Wednesday February 06, 2019 @10:39AM (#19095925)
Quoting Spandrell:

At this moment, every single human population with an IQ over 95 has a fertility rate below replacement; and the places where the most intelligent and productive people tend to live, big cities, have generally fertility rates below 1. Not below 2, replacement, but below 1, half of replacement. As I’ve said again and again, big cities today are IQ shredders, where the genes that code for high intelligence go to get shredded in the corporate and bureaucratic rat-race, depriving humanity of the biological building blocks for a better future.

Re:The world might run out of people by misja on Wednesday February 06, 2019 @11:23AM (#19096467)
Even though intelligence is negatively correlated with fertility rate, it is positively correlated with survival rate of offspring. The net effect is not clear.

Apart from that, when you differentiate between men and women, the correlations turn out to be different: while women still have a negative correlation, for men the correlation between IQ and fertility rate turns positive.

See for instance https://en.wikipedia.org/wiki/Fertility_and_intelligence

Re:The world might run out of people by iguy on Wednesday February 06, 2019 @11:34AM (#19096574)
Right, but that positive slope is only for within-country variation.
Re:The world might run out of people by est31 on Wednesday February 06, 2019 @10:47AM (#19096022)
Is there a study that confirms this? I couldn't find any links in the blog post you seem to have copied it from. https://bloodyshovel.wordpress.com/2019/01/21/tucker-carlson...
Re:The world might run out of people by xmmrm on Wednesday February 06, 2019 @11:07AM (#19096268)
Just compare TFR and average IQ tables. The pattern is obvious.
Re:The world might run out of people by tomjen3 on Wednesday February 06, 2019 @03:39PM (#19099643)
For thousands of years (tens of thousands, probably) cities were a demographic drain. More people died in London than were born there, and the cities only survived because you can make a lot more money there (including enough not to starve to death).

Perhaps in the future the same thing will happen: kids will be reared in cheap places, then move to cities for the opportunities there, then fail to produce at replacement levels, and get buffed up by people moving in to the city from the country.

Re:The world might run out of people by Nav_Panel on Wednesday February 06, 2019 @10:43AM (#19095975)
What a terrible quote, horrible in the sense of reducing Man to the sum of his capability to build ever greater machines. Surely intelligence bears no relation to goodness!

I find Spandrell (and Land, who helped popularize the idea) atrocious.

Re:The world might run out of people by jlawson on Wednesday February 06, 2019 @11:05AM (#19096243)
You're mixing up goodness as in deserving, vs goodness as in capacity to do good.

Spandrell never said anything like smart people are more deserving. He says smart people have more capacity to accomplish things which most people consider good. E.g safety, comfort, health, stability, wealth - and not just for themselves but for others too.

Hard to argue with as far as I can see.

Re:The world might run out of people by exergy on Wednesday February 06, 2019 @11:22AM (#19096454)
'Capacity' to do 'good' (even per your definition) is so strongly reliant on the environment that one exists in, that I do not think you can defend your position in a rational manner. I also find it mildly offensive that your comment, and that of Spandrell, implies that smartness is measured only in IQ. High IQ is only a predictor of high test-solving abilities.

What's more, people living in poor countries and outside of cities aren't 'incapable' of doing good. They are often poorly educated, lack role models, lack good parenting, lack a good peer group, and fundamentally, lack opportunity and a financially stable childhood. Virtually all of it is structural injustices thrown their way through the roll of a dice.

Re:The world might run out of people by rainworld on Wednesday February 06, 2019 @11:53AM (#19096839)
High IQ is only a predictor of high test-solving abilities.

Absolutely not. IQ correlates well with a number of desirable characteristics, for individuals as well as groups.

education, role models, etc

These things don't matter nearly as much as people like to think.

roll of a dice

A dice that appears to be consistently biased in favour of those with high test-solving abilities?

Re:The world might run out of people by polotics on Wednesday February 06, 2019 @02:03PM (#19098487)
Please check out the recent posts on the subject by Nicholas Nassim Taleb. Illuminating. IQ tests work only to identify people who have a cognitive issue: low IQ is predictive. Anything above 100 is a wash in terms or real world success metrics. (Eg. Income)
Re:The world might run out of people by iguy on Wednesday February 06, 2019 @04:35PM (#19100258)
Nope. Although the replies Taleb got from people who've actually read this stuff aren't a bad place to start.
Re:The world might run out of people by iguy on Wednesday February 06, 2019 @11:52AM (#19096835)
He obviously means "capacity to do good" as in capacity to keep a high-tech society running, and continue making technological improvements. He cares both about the cream of the crop for the next generation of cancer drugs (or computers), and the solid middle for being able to run modern accounting, retail supply chains, large-scale farming.

Obviously "doing good" often means other things too, like calling your mom, and volunteering at a soup kitchen. Morally good. I think it's pretty clear from context that this isn't what he's talking about.

Re:The world might run out of people by jlawson on Wednesday February 06, 2019 @03:15PM (#19099369)
Sorry, gonna have to fisk this one.

>Capacity' to do 'good' (even per your definition) is so strongly reliant on the environment that one exists in

Yes, an environment created by the people in your community. Or were you talking about the climate and mineral resources and stuff like that? Because considering the inverse relationship between natural resources and the outcomes of countries, that doesn't come close to holding up.

>I also find it mildly offensive that your comment, and that of Spandrell, implies that smartness is measured only in IQ.

My comment implied nothing at all like that. Also even if I said that, which I didn't, it would be nonsensical to find it "offensive" unless you're using offense as a goal or a tactic.

>High IQ is only a predictor of high test-solving abilities.

Absolutely not. It is the #1 most predictive psychometric measure ever devised for predicting important life outcomes. It predicts criminality, longevity, income, education, health, and a host of other critical factors better than any other psychometric test that exists.

>people living in poor countries and outside of cities aren't 'incapable' of doing good.

In the modern world, low IQ people lack the mental tools to have a big impact. They're not smart enough to effectively write books, invent technologies, create or run movements or companies or unions, make strong political arguments, etc. It's not their fault, it's just how they are. They can do good in small ways, and many do amazing things in that area. But the modern world revolves around concentrated power, and power concentrates in the hands of those with high IQ.

>They are often poorly educated, lack role models, lack good parenting, lack a good peer group, and fundamentally, lack opportunity and a financially stable childhood.

True. The question is why.

>Virtually all of it is structural injustices thrown their way through the roll of a dice.

If it these injustices were a "roll of the dice", they would be randomly distributed across the population. They're concentrated in low-IQ communities, indicating that they're not random; they're actually connected to the fact the community is low IQ. I argue that there is a causal relationship: low IQ people tend to make decisions that make their communities worse (crime, dropping out of school, drugs, irresponsible parenting, etc), which creates the injustices suffered by the members of that community.

Re:The world might run out of people by aetimmes on Wednesday February 06, 2019 @11:26AM (#19096495)
Smart people also have equally as much capacity to accomplish things which most people consider bad.

Capability and goodness are generally orthogonal.

Re:The world might run out of people by simonsarris on Wednesday February 06, 2019 @04:24PM (#19100139)
> Capability and goodness are generally orthogonal.

They are not generally orthogonal. They generally correlate well.

See Gwern's "The IQ Halo effect": https://www.gwern.net/iq

Re:The world might run out of people by sp527 on Wednesday February 06, 2019 @10:46AM (#19096004)
Not sure how he’s defining replacement, and but the target for a stable population would have to be over 2.
Re:The world might run out of people by pixl97 on Wednesday February 06, 2019 @10:50AM (#19096047)
Over 2.1ish due to childhood deaths and accidents before reproducing.
Re:The world might run out of people by magduf on Wednesday February 06, 2019 @10:58AM (#19096135)
This doesn't fully explain why humans don't want to have a lot of kids. Have you ever been around kids? They're really a pain in the ass, especially if they're boys. (For instance, as a single guy, I'm far more likely to be interested in dating a single mother with girls than one with boys; little boys are just too destructive and disobedient.)

Smart people aren't having so many kids now because they don't have to. If they don't have a religion telling them they need to, and they have a good career and a very comfortable lifestyle that affords, why would they want to go to all the trouble that raising a lot of kids requires?

In addition to that, kids are very costly in today's society, and with adults not living near their families so much, you don't get any help with your kids when you need it, so that makes it even more unattractive.

Having a lot of kids made sense back in the days when you needed the help on your farm, and your whole extended family (or village) lived together and could collectively share the burdens of child-rearing. Now, it just doesn't.

The answer to me is simple: we need to outsource child-rearing to the State, as shown in the novel "Brave New World" where children were made in factories and then raised by trained professionals.

Re:The world might run out of people by bantunes on Wednesday February 06, 2019 @11:05AM (#19096241)
> Have you ever been around kids? They're really a pain in the ass, especially if they're boys.

Suck it up. What, do you want having kids to be as seamless as an Uber Eats order? It's not. It's hard work. I'm sure your parents gave up on a lot to have you, too. That's part of being an adult.

Re:The world might run out of people by GrinningFool on Wednesday February 06, 2019 @11:12AM (#19096329)
> Suck it up. What, do you want having kids to be as seamless as an Uber Eats order? It's not. It's hard work. I'm sure your parents gave up on a lot to have you, too. That's part of being an adult.

Seems wiser to remain childless than to have and raise kids that you never wanted. How would that work out for the kid, otherwise? Or are we going on the assumption that once the kid is born, OP will no longer see it as a burden?

Re:The world might run out of people by stephenhuey on Wednesday February 06, 2019 @11:25AM (#19096484)
There's something to be said for that. My kids do require a lot of attention and work and I sometimes I feel very tired out and short on time to get things done before crawling into bed for enough sleep to be productive at the office the next day. However, even though I really enjoy creative technology work at my job, on average my relationships with my kids give me greater satisfaction than any projects I work on. Maybe not everyone would feel the same way after having kids, but for a lot of us parents I think it's a natural thing that occurs within us that's very helpful for motivating one to give love and care towards a child amidst myriad other demands. I've heard many other parents confirm that they feel something they had never felt before, and that definitely pushes us through the tough times when parenting and provides a lot of enjoyment that might have been difficult to imagine beforehand.
Re:The world might run out of people by magduf on Wednesday February 06, 2019 @12:40PM (#19097487)
I have a good friend whose mother tells her that she (my friend) ruined her life, and that she never really wanted kids or to get married to the man she married when she got pregnant.
Re:The world might run out of people by masonic on Thursday February 07, 2019 @06:49AM (#19104616)
In the TV series "Doc Martin", the main character comes from such parents.
Re:The world might run out of people by IC4RUS on Wednesday February 06, 2019 @11:10AM (#19096301)
They're not saying they want it to be easy, they're saying they don't want to do it and don't have to (which ties into the rest of what they're saying)

I think you're missing the point of the comment.

Re:The world might run out of people by mzybert on Wednesday February 06, 2019 @12:08PM (#19097067)
Why on earth would I "suck it up" when I can just never make any children?
Re:The world might run out of people by magduf on Wednesday February 06, 2019 @11:12AM (#19096325)
>That's part of being an adult.

As countless adults these days have proven, no, it's not. You can just opt out of the whole thing.

Re:The world might run out of people by martin1b on Wednesday February 06, 2019 @12:09PM (#19097077)
Which is why we have the problem at hand.
Re:The world might run out of people by auiya on Wednesday February 06, 2019 @01:30PM (#19098093)
> problem at hand

Is it a problem? I would submit it is a solution.

Re:The world might run out of people by magduf on Thursday February 07, 2019 @10:43AM (#19105853)
It's a problem if you don't want your economy to collapse because of too many elderly people who can't work and not enough young people to keep things going for them all.
Re:The world might run out of people by jdbernard on Thursday February 07, 2019 @11:40AM (#19106315)
Yep. And if everyone does...
Re:The world might run out of people by handzbagz on Wednesday February 06, 2019 @11:13AM (#19096333)
That's precisely why I don't want them. I don't feel it's worth the time and effort.
Re:The world might run out of people by simplecomplex on Wednesday February 06, 2019 @11:46AM (#19096735)
Who do you plan on taking care of you when you get older? You’re going to pay nurses, and maybe live in a retirement home?
Re:The world might run out of people by Bartweiss on Wednesday February 06, 2019 @12:51PM (#19097619)
An average middle-income family with two kids spends more than $200,000 to raise each child to age 17, followed by college costs (and/or any other support). In coastal cities, the number is more like $250k. That price is rising faster than inflation at about 3%, and college costs are rising 4%+. To begin with, let's just ignore college and just annualize it all to $15,000/year.

Merrill Lynch claims that an average retirement 'costs' about $740,000. Demographic breakdowns are much harder here, since they depend on both luck (health, mostly) and post-retirement location, so let's just use it as is.

The average age of first motherhood is 26, and fatherhood is 31. However, to my surprise, that's a bimodal distribution; let's use age 30 for our coastal/urban parents. The average age of retirement is apparently 63, so childrearing costs arrive 16-33 years before retirement costs. A stock market index fund held over the long term can reasonably expect perhaps 8% returns after inflation. Investing that $15k annually for 17 years should produce a retirement nest-egg of a bit over $2,000,000.

I tried to be pretty generous with my math here; paying for college, going from zero to one kid, or adjusting for cost growth all worsen the picture quite a bit. (Having >2 kids or living off the coasts improves it somewhat.) But the really damning part is that kids may not take care of you at all (it's a pretty heavy expectation), and even if they do most people face needs and expenses family can't take care of. If you have health needs that require regular care from a nurse, much less costly surgery, your kids are only going to be able to help by putting up money. And quite a few health problems like severe dementia make living at home with family nearly impossible by requiring full-time monitoring.

Living with family is probably a much better experience than living in a nursing home, and of course it's inherently rewarding for a lot of people. The data is irreparably confounded, but I wouldn't be shocked if people with kids are healthier and even longer-lived than comparable people without them. But there's really no salvaging the idea that having a family substitutes for an expensive retirement.

Re:The world might run out of people by magduf on Wednesday February 06, 2019 @07:35PM (#19101807)
I think we've also lost sight of something else in this kids-vs-no-kids argument: few kids.

Studies probably do show that people with kids are healthier and longer-lived than childfree people. And "sucking it up" and having a kid or two like someone above says can give you this. However, this still results in a declining population, remember, which is what the main article was talking about in the first place. Every couple having 1 kid isn't going to maintain the population, for obvious reasons, and not even 2 will do it (you have to have an average of 2.1-2.2).

Now add to this the fact that more and more people aren't even getting married in the first place (which is improving the divorce rate), and not having kids, not necessarily because they don't want them, but because they can't find a suitable partner. I see this all the time here in the DC area on the dating sites: women who are 35+, frequently 40+, sometimes even 45+, saying they're never married, have no kids, but want them. 45 is a little old for a woman to have kids, and most likely if she hasn't found a man to her liking by that age, she never will.

Re:The world might run out of people by Bartweiss on Saturday February 09, 2019 @01:05PM (#19123652)
> I think we've also lost sight of something else in this kids-vs-no-kids argument: few kids.

This is a good point.

Even on the callous ROI level I was looking at, 1-2 kids is a particularly weird span. The first kid is most expensive and life-altering, so someone viewing kids as a retirement plan would almost certainly want to have a bunch of them. They're 'cheaper', it hedges against a kid not not taking care of you (for any of numerous reasons from a bad relationship to health problems of their own), and it makes providing care much more doable as a shared responsibility.

Honestly, a whole lot of social norms we took for granted actually seem to rely on families having 3+ kids who grow up to live nearby. Some mix of "community support" and "network effects" mean that the difficulty of raising kids has gone up substantially as family size and proximity have gone down.

Why does childrearing look so hard and expensive these days? Well, you probably don't live near family members with their own kids; my grandparents freed up time by trading 'daycare' with their multiple siblings who all had families.

Why does taking care of parents seem so rare and demanding? (Partly because we've improved longevity ahead of good health, so there are more parents who genuinely need specialized care. But also...) It's relatively easy to have a parent move across town into the spare bedroom that freed up when your kids moved out, and have your siblings come over when you're out of town. It's way harder to uproot your parents to come live in your one-bedroom apartment, or leave your job and friends to move back home and care for them alone.

Re:The world might run out of people by est31 on Wednesday February 06, 2019 @11:59AM (#19096935)
Alzheimers patients need 24/7 care. This isn't something that small families with 3-4 siblings can do by reasonable means next to having a job, raising the next generation, and living in the neighbouring town or even further than that. In the old days, poor people just died young because of exhaustion and rich people well they have the means for proper care per definition.
Re:The world might run out of people by simplecomplex on Wednesday February 06, 2019 @12:17PM (#19097190)
In the event of Alzheimer’s, who do you think makes the decisions? Communicates with the nurses? Checks on them? Family.

Not sure what your point about poor people is...

Re:The world might run out of people by magduf on Wednesday February 06, 2019 @12:41PM (#19097508)
It's looking like Alzheimer's will be a solved problem before too long, with all the current research on it.
Re:The world might run out of people by est31 on Thursday February 07, 2019 @12:30AM (#19103235)
There is indeed a lot of research on Alzheimer's disease and other neurodegenerative diseases. But I'm a bit more sceptical than you. We still don't know exactly what's happening in Alzheimer patients. We might even split up the disease into multiple sub-diseases as it happened with cancer. However, you are right, a lot of stuff can happen before people who are young today (20s and younger) get old.
Re:The world might run out of people by arwhatever on Wednesday February 06, 2019 @04:05PM (#19099937)
> Suck it up.

Why don't you suck up me not having any?

Re:The world might run out of people by babyloneleven on Wednesday February 06, 2019 @04:02PM (#19099912)
> Suck it up.

Why?

Re:The world might run out of people by dragonwriter on Wednesday February 06, 2019 @01:44PM (#19098253)
> This doesn't fully explain why humans don't want to have a lot of kids

Humans in (actual or perceived) stable social and economic environments with strong extrafamilial support systems adopt low-number, high-investment K-strategy, humans in (actual or perceived) unstable social and economic environments with weak extrafamilial support systems adopt high-number, low-investment r-strategy.

> kids are very costly in today's society,

Kids aren't (generally) nearly as costly for the people having lots of them in our society as they are for those having fewer, as a direct result of different child-bearing approaches.

> The answer to me is simple: we need to outsource child-rearing to the State, as shown in the novel "Brave New World" where children were made in factories and then raised by trained professionals.

In the short term, immigration works. If the whole world is ever developed to the point where K-strategy dominates to the point where maintaining population is a real concern, then, after the giant global celebration we should have for that accomplishment, setting economic incentives so that people with means to raise multiple children at the level society as a whole considered appropriate investment levels also have a rational incentive to do so isn't particularly hard. It's a problem we haven't solved today because we aren't anywhere close to having it, not because it's even a little difficult or requires some kind of drastic reform like you describe.

Re:The world might run out of people by iguy on Wednesday February 06, 2019 @04:39PM (#19100298)
The phenomenon Spandrell describes is a concern largely independent of whether the total population is increasing or decreasing.

Every advanced country has built a system for vacuuming up the most talented individuals from the countryside, and giving them important jobs in rat-race cities, where (for various reasons) they will have fewer kids. To counter this, you'd have to draw from somewhere else equally talented newcomers, and maybe a few countries can.

Re:The world might run out of people by telesilla on Wednesday February 06, 2019 @12:24PM (#19097283)
>little boys are just too destructive and disobedient

Don't blame the boys - I've known equally pain-in-the-ass families of girls, and wonderful boys. It's the parents.

Re:The world might run out of people by magduf on Wednesday February 06, 2019 @12:42PM (#19097524)
Boys are inherently more destructive and violent than girls; it's a biological fact, and is the whole reason prison inmates are over 90% male.
Re:The world might run out of people by telesilla on Wednesday February 06, 2019 @01:04PM (#19097764)
And those of you who aren't in prison, probably had better parenting right? (and some luck). Anyway, I don't mean to hijack this thread but if the parent is saying he doesn't want kids because they are unruly, he might look to the parenting of said kids. Kids can—and should!—be bringing joy and lightness and laughter and learning. It's a tragedy that the modern person avoids have children because of economic concerns and perceived issues of losing independence.
Re:The world might run out of people by magduf on Thursday February 07, 2019 @10:44AM (#19105861)
Just about everyone I know who has little boys has major problems with them: they all seem to have autistic traits, and severe behavior problems. I don't know what the problem is, but it makes me not want to be involved with boys in a parenting situation.
Re:The world might run out of people by jdbernard on Thursday February 07, 2019 @11:46AM (#19106368)
> if the parent is saying he doesn't want kids because they are unruly, he might look to the parenting of said kids.

To me your experiences only emphasize this point. Large portions of our society have decided that masculinity is inherently toxic. We've also, generally speaking, de-emphasized the role of discipline in parenting (I'm not talking about spanking). Our school system has long been stacked against young boys. I think that, as a society, we've forgotten how to parent children, especially boys.

Re:The world might run out of people by jelliclesfarm on Thursday February 07, 2019 @10:55PM (#19111389)
Define ‘masculinity’.

Children learn from other children. Usually older children. Children are largely being raised by the state and that is never a good thing as it leads to conformity. Educational institutions look at children as future workforce and not as individuals.

My 2c.

Re:The world might run out of people by jdbernard on Friday February 08, 2019 @04:38PM (#19118941)
I completely agree with you wrt. to where most children are getting their actual raising from. This is amplified by the lack of direction commonly given by parents.

As far as defining masculinity, I mean it in the sense that psychologists use it: the traits that are generally common to males.

Re:The world might run out of people by magduf on Friday February 08, 2019 @04:17PM (#19118772)
These allegations don't seem to be problems in other highly-developed nations.
Re:The world might run out of people by jdbernard on Friday February 08, 2019 @04:36PM (#19118925)
You're right. I don't think other nations have so watered down the importance of parenting as much as the US has. It's a real problem with American culture.
Re:The world might run out of people by jelliclesfarm on Thursday February 07, 2019 @02:46PM (#19107895)
Interesting you should mention that. I have a pet theory that it has something to do with the Y chromosome.

Do we know enough about the Y chromosome? I think being ‘male’ is a genetic mutation with some undesirable effects. The SRY gene turns on/off around 4-6 weeks after conception determining whether zygote would be XX or XY. This has something to do with gonad formation.

I think fundamentally everyone is formed female as default. Not female = male. Which means it’s the Y. Something is wrong with Y.

Re:The world might run out of people by quickthrower2 on Thursday February 07, 2019 @10:03PM (#19111163)
> It's the parents.

The parents' DNA, in particular.

Re:The world might run out of people by polskibus on Wednesday February 06, 2019 @11:13AM (#19096335)
I hear this argument quite often : "Smart people aren't having so many kids now because they don't have to."

Depends on what you're counting on in the future.

If you want to be taken care of when you're older, and almost no one has children, then your future is bleak no matter how much you earn now. Inflation will eat most of your savings that you'd want to spend on care. Of course there's immigration or you can move but you're going to be lonely nevertheless.

It may sound controversial but it's a bit like not getting vaccinated and counting on herd immunity. Who would be writing all those HN comments now if our parents hadn't had children?

Re:The world might run out of people by lotsofpulp on Wednesday February 06, 2019 @11:21AM (#19096428)
Another option is assisted suicide or suicide once you can't take care of yourself.
Re:The world might run out of people by ryandrake on Wednesday February 06, 2019 @11:44AM (#19096708)
From a purely economic standpoint, treating kids like a retirement investment seems absurdly risky compared to the alternative. According to this link [1] the average cost of raising a middle class child to age 18 is $233,610. Plus the average cost of a 4 year out of state university [2] $36,420 equals $270,030. That’s $12,274 a year for 22 years. Let’s say instead you put that into a pre tax IRA earning 6%. At the end of those 22 years your balance is $532,597. Let that grow for another 10 years and you’re at $852,155. Assume 15% effective tax rate at retirement you have $724,331 after tax.

Is your (now 32 year old) kid going to have the means to provide you that much assistance in your retirement?

1: http://money.com/money/4629700/child-raising-cost-department...

2: https://www.collegeraptor.com/find-colleges/articles/afforda...

Re:The world might run out of people by polskibus on Wednesday February 06, 2019 @11:56AM (#19096890)
This model may work when you don't have a kid but most people do (ie the size of the workforce is stable). It does not account for situations where workforce drops by large % and there are much more retirees than workers.
Re:The world might run out of people by ryandrake on Wednesday February 06, 2019 @12:17PM (#19097195)
At what workforce % does compounding interest stop working? Or are you saying interest rates will become negative as the workforce drops? Society’s experience replacing workers with robotics and automation may suggest otherwise.

Now may be the best time to stop having kids and instead invest what you’d otherwise spend. Chances are there will be few remaining un-automated jobs by the time they need employment. I say this as someone who has a kid—I fear for her future honestly.

Re:The world might run out of people by polskibus on Wednesday February 06, 2019 @01:39PM (#19098185)
I'm saying that if today there is one caretaker for one retiree, but tomorrow there's one caretaker for 3 retirees then caretaker tomorrow can easily demand a lot higher pay than today - he'll work for the highest bidder. Compound interest gains can be offset by this inflation. Similar localized inflationary pressures can be seen in SV where there is limited supply of houses and there are many highly paid specialists who generate demand for those houses.

Now translate demand for housing to demand for services, and low supply of houses into low supply of workers providing those services. Everyone around you is using compound interest, so relative to each other you have similar purchasing power to them. Now you compete with the same people for those services. It's the relative power that really decides whether you can afford the services or not. If the workers don't have to compete with each other then you'll spend all that nice compound interest chasing them.

Re:The world might run out of people by ryandrake on Wednesday February 06, 2019 @09:28PM (#19102420)
Not all retirees will need “caretakers”. My guess is by the time I retire there will be a robot to inject me with my meds and another one to wipe my rear—as long as my retirement savings holds up I won’t need to hire anyone.
Re:The world might run out of people by magduf on Thursday February 07, 2019 @10:45AM (#19105866)
If it gets to the point where I need a full-time caretaker, then it's time for me to check out, because I have no desire to live life that way.
Re:The world might run out of people by swolchok on Wednesday February 06, 2019 @11:19AM (#19096409)
> Inflation will eat most of your savings

What? This is why investment advice for retirement generally revolves around allocation into stocks and bonds while leaving only an emergency fund plus regular expenses in more liquid assets like savings accounts. Inflation will only eat your savings if you fail to invest. If you want to talk about risk, well, inflation is why a total failure to accept risk is extremely risky!

Re:The world might run out of people by iguy on Wednesday February 06, 2019 @11:46AM (#19096729)
Every service you buy with your savings has to be provided by people working at that time. More savings competing for fewer workers will cause inflation until your savings are reduced to match.

To take the extreme example, if everyone tried to save up and then take a sabbatical year in 2025, they would all find that their money became almost worthless -- they could buy capital goods (made before) but nothing else.

Before Paul Krugman metamorphozed into a political hack, he wrote some quite solid stuff about economics. His famous baby-sitting co-op [1] runs into this problem: Everyone wishes to earn tickets on weekdays / winter and spend them on weekends / summer, but this is impossible:

[1] http://www.pkarchive.org/theory/baby.html

Re:The world might run out of people by polskibus on Wednesday February 06, 2019 @11:39AM (#19096635)
Sure, this advice seems ok in current economic setting, where workforce size is replenished by newer generations.

Now think about what would happen if there are a lot of old retired people but the number of people willing to work for them is 50% of what is required, in most branches of the economy.

Money will start chasing the workers, and they pay will sky rocket. It's more like SV skyrocketing housing prices and total compensation, bit wider in scope.

Re:The world might run out of people by swolchok on Wednesday February 06, 2019 @07:37PM (#19101819)
> pay will sky rocket

Why do you think that this will entirely fail to incentivize prospective retirees to work for more total years of their lives in order to benefit from increased pay?

Re:The world might run out of people by watwut on Wednesday February 06, 2019 @11:36AM (#19096605)
I think that he is talking about average person and you have rich classes in mind. Most people dont have money to invest in bonds.
Re:The world might run out of people by InitialLastName on Wednesday February 06, 2019 @12:21PM (#19097240)
"Most people" down into the middle classes (at least in the US) have money invested in the market already, through either an employer-related pension or a 401K-type plan.
Re:The world might run out of people by sevensor on Wednesday February 06, 2019 @11:35AM (#19096592)
And you expect your investments to continue to increase in value with a shrinking population?
Re:The world might run out of people by jackfrodo on Wednesday February 06, 2019 @10:48AM (#19096029)
My understanding is that Spandrell considers himself a "race realist."

Please don't bring right-wing racist thought into HN.

Re:The world might run out of people by Stratoscope on Wednesday February 06, 2019 @11:06AM (#19096254)
I didn't see anything right wing or racist in the original quote, did you?

It was an interesting observation regardless of who made it.

Re:The world might run out of people by TomMarius on Wednesday February 06, 2019 @12:23PM (#19097261)
When we quote someone, we usually include the context of the quoted person. The same sentence is different when said by Dalai Lama and Usama bin Laden.
Re:The world might run out of people by Stratoscope on Wednesday February 06, 2019 @01:14PM (#19097892)
Sure, you would cite the name of the person you were quoting, just as the OP comment did.

But you certainly could quote bin Laden here if it were relevant and interesting. It doesn't mean you agree with him or the terrible things he did.

I don't know anything about Spandrell or what else the person has said or written, so all I had to go by was the quote itself. I found it interesting and thought-provoking.

Not that I agree with all of it. I especially do not like the concept of an IQ scale. Different people are good at different kinds of things, and I think IQ is a dangerous oversimplification.