On the one hand, people are panicking about falling birth rates in Europe and on the other hand it seems very clear that automation is going to be destroying millions of jobs. Don’t these two factors wash out in the final analysis?
Why are falling birth rates a problem if there’s going to be less work anyway? Why is there so much need to increase population everywhere? So that more people will have nothing purposeful with which to occupy their time?
I’ve been saying for quite some time that the new economic challenge is to make an economy work with fewer people. This is a good chance to try that out but instead the powers that be are intent on making sure that the world gets more and more crowded even though there’s going to be fewer and fewer jobs to occupy the burgeoning population.