The key part about this is that this is going to shrink the supply of labour faster then the demand. All the old factories and so forth will still be around. So this strengthens the position of workers against the capital. We also will keep a lot of the old infrastructure. In Western Europe, where we have long term financial data going back centuries, there have been two periods of the wealth gap closing. One was after the Black Death and the other after WW2. In both cases there was a lot of death shrinking the labour force.
The other key part is that this is already happening. There was a peak in births in 1990 with 143.5million globally. After that it fell for a bit to then hit another peak in 2012 with 146.1million. Current UN projects are that that will be the peak in the foreseeable future.
This is why the leadership class is talking about birth rates so much. They are worried about their power.
The key part about this is that this is going to shrink the supply of labour faster then the demand. All the old factories and so forth will still be around. So this strengthens the position of workers against the capital. We also will keep a lot of the old infrastructure. In Western Europe, where we have long term financial data going back centuries, there have been two periods of the wealth gap closing. One was after the Black Death and the other after WW2. In both cases there was a lot of death shrinking the labour force.
The other key part is that this is already happening. There was a peak in births in 1990 with 143.5million globally. After that it fell for a bit to then hit another peak in 2012 with 146.1million. Current UN projects are that that will be the peak in the foreseeable future.
This is why the leadership class is talking about birth rates so much. They are worried about their power.
So could this actually benefit the workers? Although which ones. Wouldn’t be surprised if they manage to fuck over 1 more generation first…