Re:The Economics of Falling Populations
by throwaway316943 on Monday April 05, 2021 @07:02AM
(#26697487)
An older, more experienced population may be less inclined to chase the latest new trend but they are better able to weigh the merits of new ideas against the harms they may induce and will generally do a better job of applying existing and new technology to the problem at hand. Experience and knowledge count for a lot and the vitality of youth is often wasted on the young.
>An older, more experienced population may be less inclined to chase the latest new trend but they are better able to weigh the merits of new ideas against the harms they may induce
Theoritically. In practice they're more concerned with their own mortality, and weighing the merits of some new diet or therapy for hemmorhoids or some such...
Progress takes many people working together to shape ideas and build things.
And an aging society would be less inclined to change and adopt it, run by more older people resistant to some new idea, and have less young people with the dynamism to put such idea in action even if it was adopted.