I come from a place that has experienced a population drop of ~30% over the last ~30 years. During the same time period inflation adjusted GDP has ~doubled, quality of life has increased immensely.
Granted, all of this is due to historically extraordinary events playing out. But still, less population doesn’t necessarily imply no or negative growth. There’s an interplay of factors affecting if growth is possible, and population is just one parameter of those.
Granted, all of this is due to historically extraordinary events playing out. But still, less population doesn’t necessarily imply no or negative growth. There’s an interplay of factors affecting if growth is possible, and population is just one parameter of those.