Am I the only one who thinks that a shrinking population might also result in large-scale technological growth?
Scarcity often results in innovation. A finite resource like labor will result in higher salaries due to competition and innovation to increase productivity to circumvent his costs.
Conversely, a glut of labor results in low wages and societal problems as fewer positions exist than job seekers.
This appears consisten historically: After the black death in europe, workers were more valuable and this helped break the chains of serfdom and feudalism.
I am all for a smaller global population, particularly in light of the growing automation I expect to observe in the next 30 years.
Scarcity often results in innovation. A finite resource like labor will result in higher salaries due to competition and innovation to increase productivity to circumvent his costs.
Conversely, a glut of labor results in low wages and societal problems as fewer positions exist than job seekers.
This appears consisten historically: After the black death in europe, workers were more valuable and this helped break the chains of serfdom and feudalism.
I am all for a smaller global population, particularly in light of the growing automation I expect to observe in the next 30 years.