"A reduction in the share of workers can lead to labor shortages, which may raise the bargaining power of employees and lift wages — all of which is ultimately inflationary,” Simona Paravani-Mellinghoff, managing director at BlackRock, wrote in an analysis last year.
And while net immigration has helped offset demographic problems facing rich countries in the past, the shrinking population is now a global phenomenon. “This is critical because it implies advanced economies may start to struggle to ‘import’ labour from such places either via migration or sourcing goods,” wrote Paravani-Mellinghoff.
This is just mask-off capitalism. They want people to have a lot of babies, and/or large numbers of poor and desperate people migrating into the country, so that they have a constant, reliable source of cheap labor.
Paying workers more is inflationary, but raising the cost of goods because you control the supply chain is “business”
Basically, raising product costs to cover increased labour costs are bad because actual workers are getting that money instead of the wealthy capital class.
I wish people understood boycotting more. Sure 6 companies own everything, but remember when the cost of a barrel of oil went significantly negative because people weren’t driving for 2 weeks?
If people collectively decided they didn’t want to buy anything but the absolute necessary staples for a few months there would be an absolute catastrophe in the supply chain and they’d be forced to lower prices significantly.
They may not lower prices forever, but modern business is built entirely on supply chain logistics. If people stop buying anything, or buy things exclusively to return them we would see some serious changes
I’ve tried to convince people that if we can have a No Nut November, we ought to be able to put together a No-Sales September or something. These mentally defective executives would absolutely go back to taking care of the customer if this were a practice.
We should definitely do November for it - holiday shopping and Black Friday specifically.
Hell, if we could just boycott Black Friday and the week before and after, which is the biggest retail spend of the year, we’d probably make a serious dent. They aren’t even good deals, but good luck convincing anyone to skip it who doesn’t already.
I’d like to put Simona’s mind at ease because economics research into the relationship between wages and productivity shows a casual link where higher wages increase productivity. That is, higher wages force firms to invest in technology, equipment and training in order to offset the increased labor cost.
You know what slows down inflation? An upper limit on the cost of goods. But hey im just a filthy commie.
It didn’t, not in the US, not in Soviet Union
In the Soviet Union it caused rationing instead. Here’s your coupon for 1 stick of butter
Sure buddy those are the only two countries that have existed in the world. So can’t work anywhere.
Infinite growth is an absolutely insane bar to set for the economy.
The lowered birthrates are because we’re getting ground into dust - my engineering team of twenty millennials has two folks with kids and two folks who openly plan on having kids… we’re aging out of the window and it’s not that we’re trying and failing - most of us just don’t want a fucking family. We’re too fucking busy already.
That means the supply of workers in many countries is quickly diminishing.
I thought AI was going to take our jobs.
Of course it is! We are simultaneously facing a labor shortage and mass unemployment. The important thing is to keep being angry and frightened, the specific subject you’re angry about at any given time is flexible.
You can have both a labor shortage and mass unemployment. It occurs when workers are skilled for an industry with decreasing or no demand while another industry that requires different skills has increasing demand.
A good example of this is the high demand in the US for so called “Blue Collar” jobs. We have a shortage of trades people (Electricians, Plumbers, HVAC, etc) and far too many Business and Marketing people. There’s 100,000 MBA’s out there looking for a job and there’s 100,000 Plumbing Contractors trying to hire someone.
How is this a fertility issue? Are people unable to have children, or just unwilling?
I think the consensus is that it’s mostly as a result of women having greater reproductive choices, greater access to family planning services, and more women choosing to delay having children or choosing to not have children at all, often so they can instead focus on a career.
Edit: I want to point out that what I’m describing is the consensus, as I understand it, of mainstream experts in the US. However, I believe there is evidence that this consensus opinion is not entirely accurate. If I’m not mistaken, surveys indicate that there are a fair number of people who would like to have children but are not because the right circumstances are not present for them to feel secure enough to have children. Many of the people who are not having children would have them if they felt more financially, romantically, and/or emotionally secure. Therefore, it’s possible that it’s not so much that people are choosing not to have children as it is that the necessary conditions for making people feel secure enough to have children are not present for a large number of people.
often so they can instead focus on a career.
Corpo speak people are broke… I expect better here
Vast majority of people don’t have “careers”
Whatever that clown term even means.
We work for money lol
That’s more than a bit insulting to the women of the world choosing to work instead of have kids. Sure, some of them are forced to because they wouldn’t have enough money to live without a job. And many of the jobs these women have chosen aren’t necessarily long term careers.
But it’s condescending and insulting to say those women have no other contributions to the world outside of working a menial day job and would rather stay at home having kids if only they could afford it. Calling a career a clown term is so edgy and cool of you! As if there aren’t people out there who absolutely love what they do for a living and aren’t happily working for crap pay just to do what they love. All of the adult women I know who have chosen not to have kids have really good careers, and all but one have a great salary.
And to your point that the vast majority of people don’t have “careers,” sometimes an entry level position that is just a day job and not really a career can lead to a bigger career. My mom started as a secretary at a small company and showed she knew how to do the job of her boss, so she got his job when he left. Then she ended up starting her own business in that field, which absolutely flourished and became the thing she did for the next 30 years.
“Corpo speak…” you are such a tool.
Sperm motility issue rates are rising worldwide and I found out I was one of them this year. Mid 30s, waited to start a family while we went further in our careers. Now that we’re ready, we got hit with this, fuck me for being responsible I guess.
But you ARE being responsible. The responsible thing to do is not have kids.
It’s the other way around. Fecundity is the measure of how well a person is biologically able to reproduce. Fertility is how many children people actually have, which also depends on voluntary choices.
https://onlinelibrary.wiley.com/doi/abs/10.1002/9781118896877.wbiehs153
In a world with too many humans already, can you imagine painting a drop in the birth rate as somehow a bad thing?
lol
I don’t really care about its impact on the economy, but I do feel for those who are attempting to have a child to no avail. I can only imagine how soul crushing that process can be.
I don’t, those people are selfish. Creating an unwilling life destined to be yet another cog in the machine while the world burns just to satisfy one’s own animalistic desire to have some form of genetic spawn. I silently cheer every time “struggling” couples miscarry and are unwittingly forced to do the right thing and not have kids.
Those people do not share your perspective. I do view it as largely subconsciously selfish, but your take is fucked up.
The problem is the average age increases, and you’ll have more of an elderly population, meaning barely any people actually working while a ton of people are on pensions
