Historically, economic growth depends on a pyramid structure. More people, more work, more jobs, more goods. We have no idea how to engineer growth without an underlying impetus of population expansion. In all of the industrialized countries except the USA, population is leveling off or declining. That means that what used to be population pyramids are becoming rectangles or “silos”.
For the entire history of the human race, with virtually no exceptions. the age distribution of population has had the shape of a pyramid. As people get older, there are fewer of them. The pyramid shape means that there are few old people and lots of young people. The older that people get, the more of them die. More old people and fewer kids means that the so-called pyramid no longer resembles a pyramid in the US and all of the industrialized world.
Recent Comments