I think it's population decline.
It's extremely severe in Japan. Percentage aged 15-64 is now nearing 1950 levels.
And it's only going to get even worse. 12% are young kids today. In 1950, it was over 35%.
It's extremely severe in Japan. Percentage aged 15-64 is now nearing 1950 levels.
And it's only going to get even worse. 12% are young kids today. In 1950, it was over 35%.
You also need other people to work with, so even if you have an idea, it’s much easier when there are a lot of people in the area with the right skill set.
With a significant declining trend in population, especially in younger people, there just wouldn’t be as many opportunities.
Japanese software is not the only place where we are seeing a decline in innovation. This is the country that that provided us a lot of modern electronics as well.
35% of people are now over 65 in Japan. A much larger percentage of the economy now has to be dedicated to taking care of the elderly. The percentage of elderly in 1950 was tiny.