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highly efficient workforce/economy, etc.
is there anything that we can do?
For someone who doesn't understand economics, even if overall gdp goes down, this also means the average person will be a lot wealthier right? Since the wealth will be distributed to a smaller population?
They don’t make kids and don’t allow immigrants to come in.
Not surprising.
i listened to a story on NPR about the japanese being more open to letting immigrants to come in to provide care for the elderly.
It sure wont solve their population problems. The workers will stack, send and take that money home, and dip.https://www.wsj.com/articles/japan-...a-break-from-its-historical-stance-1544215014
There is a paywall, but interesting development......
Seems to me a lot of recipes for disaster in Japan....Despite being one of our best allies, almost nobody speaks english, good luck continuing growth at its current population decline.
That means Chinese or Koreans
That is what xenophobia does to a country.
Their economy is gonna suffer major because of this too. Their economy has already been struggling for a good while.
GDP is driven by population growth. If birth rates can't do it, then you have to look to immigrants.