Is this fair?
Is this sane?
this post was submitted on 25 Jun 2024
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What is normal?
The labor market is a market. It is regulated by supply and demand. The good being traded for money is human labor.
If supply goes down (fewer workers being born), prices go up; that means, higher wages.
If supply goes up (more workers being born), prices go down; that means, lower wages.
Fortunately population numbers are returning to sane levels, and doing so without bloodshed, famine or diseases. What a fortune.
Oh no. Not the economy.
For years this demographic crisis has been coming (it was taught in schools in my country over 20 years ago!), yet we still harp on about overpopulation.
Population collapse is coming if this doesn’t change.
Thank god*
Does anybody think about the fact that every year on average 9-10 million people die every year from starvation and malnutrition related deaths. The vast majority of these numbers are children under 5 years old. The 9-10 million number was pre-covid. There was an uptick due to the supply chain issues. I think I read an article saying the number for 2021 was around 14 million. Again, mostly children.
It's mostly kids in 3rd world Africa, middle east, India, etc.
We over here need to have more kids though. Because profits.
Idk I just think all this is dumb. Fuck capitalism and the system we have. It's all fucked.
Good, lower OECD birth rates means member countries can open the borders more for immigrants looking for better prospects, better compensation and benefits for jobs in high cost of living areas, and less stupid hiring processes. Every labor shortage is a capital shortage. Also notice how CNN quotes executives and no labor leaders.
There's no economic reason the nominal GDP of any country or the world in general has to continuously increase. The important metric is per capita production. As long as people get continuously more productive through innovation, standards of living will continue to increase.
At the national level, vying for long term economic power in the world, a higher and younger population is going to be a huge advantage very soon and countries should be trying to get as many immigrants in their borders as they can. But instead they are...going a different direction.
You say that, but when I'm more productive I'm inevitably much less happy. Work sucks.
Capitalist economy . Needs a lot of humans to keep its shit up. I guess a big change will come . The only help that can keep the moterfuckers doing their business is AI. It came to save them. Let’s see what happens. We humans are constantly adapting and correcting ourselves so many years already.
The world needs more babies.
Does it?
Or do we just need to embrace migrants?
“A reduction in the share of workers can lead to labor shortages, which may raise the bargaining power of employees and lift wages — all of which is ultimately inflationary,” Simona Paravani-Mellinghoff, managing director at BlackRock, wrote in an analysis last year.
"Have babies," said the billionaire, "or else who am I going to exploit in the future?"
We need the opposite of more babies
Or, better yet, do we need to embrace the idea that infinite growth isn’t possible, and adopt economic systems that do not rely on it?
Many Boomers voted their progeny away when they put Reagan in office.
It is a basic math problem.. they keep raising housing prices ain't nobody going to have kids when 1500 in rent is due monthly
$1500 a month? I wish!
How is your rent so cheap?
I haven't rented in years, luckily I found something that wasn't dumb expensive and I've slowly been fixing it up
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