Advanced economies risk sleepwalking into a new reality of permanently lower growth and higher debt unless policymakers tackle ageing populations
The article offers no answers beyond “more babies” and of course “more immigration” but at least admits that an influx of unskilled labour is not going to help things.
“More Babies” works but takes time and a cultural sea change will be required before birth rates increase. Those who most favour mass immigration, corporations and the political class, do so out of monetary self interest translated as cheap labour, depressed wages, contrived shortages and more pockets to pick to fund entitlements.
The coming class war will see citizens pitted against our predatory public service unions. We won’t have pensions, but the political class will expect us to fund theirs.