Re:The End of Economic Growth? Unintended Consequences of a ...
by fauigerzigerk on Sunday February 02, 2020 @10:54AM
(#22217456)
>There is a rate of population decline that's consistent with economic growth. But its very small.
I didn't say economic growth. I said living standards. The important difference is that living standards can go up while GDP is falling.
>We are turning into Japan, not China.
Japan proves my point. The country isn't exactly impoverished, nor is it getting any poorer. They have very low unemployment and GDP per capita has grown about 10% between 2010 and 2018. That's compared to 12.5% for the US. Not a bad outcome in spite of a steep decline in population.
I didn't say economic growth. I said living standards. The important difference is that living standards can go up while GDP is falling.
>We are turning into Japan, not China.
Japan proves my point. The country isn't exactly impoverished, nor is it getting any poorer. They have very low unemployment and GDP per capita has grown about 10% between 2010 and 2018. That's compared to 12.5% for the US. Not a bad outcome in spite of a steep decline in population.