Re:America just had its lowest number of births in 32 years,...
by rpiguy on Wednesday May 15, 2019 @11:07AM
(#19920111)
No one is talking about a labor shortage! The problem is a consumer shortage. Automation only makes it worse.
Aging population with a shrinking population means less people to buy goods. Automation means less people employed. This is bad for growth. Economic expansion requires increases in production and consumption.
Also, we won’t need nearly as much new construction, which frees up a ton of workers.
I don’t think an aging population is likely to lead to labor shortages any time soon, at least in the US.