PB Video Analysis: Demographics Two. The Big Drag
In my last demographics piece, I looked at the boost developed countries got from falling fertility freeing up females from childcare duties. (I adore alliteration.) This piece looks to the recent past, to the experience of Japan, and asks what next? And the picture isn’t, if we’re going to be honest, a pretty one. Rising life expectancy, and birth rates below replacement almost everywhere mean that population pyramids will continue to invert. Old people produce less economic output than young…