Population aging poses an economic conundrum that will require new and creative solutions as the shape of the workforce continues to change, says Noah Smith. While the world wrestles with a deadly pandemic and how to confront climate change, there’s another, long-term global challenge that no one really knows how to deal with: Population aging. As the human race transitions from a burgeoning, exploding species to a static or shrinking one, economies around the world will come under significant strain. Although its birth rate is not as low as that of many other rich countries, it's been low for a longer time. But it does mean that the window is closing for a few developed countries to continue to meet the challenges of population aging.

Source: News 24 October 21, 2020 15:56 UTC