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.
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.