Population of Seoul metro is 26 million people. It's suppose to drop by 2/3rds by 2060 (or worse). That's 1/3 less taxes, a 1/3 less transportation riders, 1/3rd less customers, etc....
Population of Seoul metro is 26 million people. It's suppose to drop by 2/3rds by 2060 (or worse). That's 1/3 less taxes, a 1/3 less transportation riders, 1/3rd less customers, etc....
This doesn't make any sense at all. The median age of Seoul is 42, slightly younger than the national average. 2060 is in 35 years. If Seoul had zero births, zero immigration, most people in Seoul today will still be alive by 2060.
I feel like every time someone comes up with one of these predictions the numbers get more nonsensical.
https://www.forbes.com/sites/michaelashley/2025/02/17/the-fu...
If there are only 2/3rds as many people, why would the same infrastructure be required?
There is nothing special about any population number, it's how quickly and in which direction your population is changing that matters.
My hypothesis: Prosperity induces the population decline. That means there will be some momentum behind prosperity in the initial stages of the population decline. The population decline eventually induces a prosperity decline.
Their take is that immigration policies rather than an aging population make the difference.