At the limit, not growing the productive population puts younger generations in a position of existing solely for the purpose of serving the non-productive population. At some point, they will simply choose to opt out and the whole thing collapses.
At the limit, not growing the productive population puts younger generations in a position of existing solely for the purpose of serving the non-productive population. At some point, they will simply choose to opt out and the whole thing collapses.
Also an economy that requires an infinitely growing population feels like a pyramid scheme which is also an unsustainable system.
Or not. It could be oscillatory and humanity could cyclically reverse-decimate itself while the descendants of the survivors get to enjoy millennia of the fun part of the pyramid scheme.
The big losers are whoever is part of the "perish in a holocaust" generations, and probably the first couple bootstrapper generations afterwards.
Only if we don't explore and colonize the stars. From what we know, the universe is infinite.
And, before you suggest it, no, there will never be faster-than-light travel, and even relativistic travel is super unlikely.
Economic growth is the result of productivity, which is the product of the number of people working, times their per-capita productivity. If each successive generation is more productive per capita than the last, then each generation can support successively more non-productive people.
But future generations won’t need to support as many non-productive people as we do now, because the Baby Boom will die off. In the U.S., the peak of non-productive populace is only the next decade or so.
for a contrast, look at South Korea - https://www.populationpyramid.net/republic-of-korea/2025/
That tells a quite grim story, with an outcome thats totally inevitable but will take 20 years to play out. the die is already cast, and I cant see how the country survives.
But productivity for productive people is increasing. Is there an assumption that retiree spending is also going to increase to match?
Realistic solutions look something like: - we increase productivity of the working population - we lock or decrease the per-year, per-person spending on retirees - we decrease the % of their lives that people spend retired