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Problem with this reasoning is that today, the population is decreasing in most developed countries, meaning that older generation will beg the younger more and more. People have less and less kids, so the job market is shrinking.

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Population is decreasing in most developed countries? Where did you get that idea?

Birth rates may decrease, but that’s why we have immigration. Men and women both work these days, doubling the labor pool.

I don’t understand this comment.

There's a lot of workforce shortage in many places in the EU (esp. smaller towns) partially because of low fertility and partially because of intra-EU migrations. Fertility is dropping around the world so the migrations will also lessen. Always increasing real estate costs and stagnant wages make it hard for immigrants to secure a living. EU population is expected to start falling within 30 yrs max.

Wealth inequality and tax laws is the bigger issue here, not labor shortages.

There is an oncoming labor shortage in developed countries. It already hit Japan significantly. Even China will stop increasing the number of working people because of their population ago profile and number of children produced. Russia is another country with this shortage of workers problem.

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