Readit NewsIt feels like something that even in 1996 would have been a bit eye-raisingly overdue.
When interest rates again are low, money is cheap, people will look for ways to make money on money, there will be another boom and massive demand for people.
India’s total fertility rate is already 1.9, below 2.1 replacement rate. Its demographic dividend (and any potential capital investment opportunities) is already on borrowed time. So capital would rotate and reallocate there, while there is still time, regardless.
https://www.deccanchronicle.com/nation/dont-panic-over-falli...
Per exhibit 5 of your first link: The US still to be as bad as Europe and Japan you disparage as "old" and that is based on 2024 analyses. A few more years of these events if sustained will drop that further.
And per Exhibit 1 of that same link, sure India will be at 1.9. And the US was at 1.6 two years ago, which is worse.
https://www.mckinsey.com/mgi/our-research/dependency-and-dep...
https://www.sas.upenn.edu/~jesusfv/Slides_London.pdf
https://www.columbiathreadneedleus.com/institutional/insight...
Old and still accessible beats inaccessible. BTW the source of the USAs demographic resistance to aging has been the sheer fact it was that immigration melting pot of bringing in young talent to offset its local aging population. A few decades of this path and the US can be just as dismissed as Japan who have taken this path decades in advance.
Does it suck that billions of people were born into lesser global economic circumstances? Absolutely. Does that mean we should allow corporations to exploit labor (both imported and citizens who have to compete against that imported labor) at the disadvantage of domestic citizens? No. This is workers vs capital, not immigrants vs citizens.
The US as a feature of it geography and population (Japan, UK and the Philippines) can choose isolationism as a policy. But the rest don't have it as an option due to direct contact to neighbors or economics too small to sustain. Most of the world will not follow the on-shoring path, because they cannot.
Sure. But we are arguing about two separate things here. I am pro-immigration. But I am also against using immigrant primarily to depress wages.
Hi!
I know I'm just a datum, but I gotta represent myself.
PC, Web and Smartphone hype was based on "we can now do [thing] never done before".
This time out it feels more like "we can do existing [thing], but reduce the cost of doing it by not employing people"
It all feels much more like a wealth grab for the corporations than a promise of improving a standard of living for end customers. Much closer to a Cloud or Server (replacing Mainframes) cycle.