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[-] gandalf_der_12te@feddit.org 1 points 15 hours ago

What is normal?

[-] gandalf_der_12te@feddit.org 1 points 15 hours ago* (last edited 15 hours ago)

The labor market is a market. It is regulated by supply and demand. The good being traded for money is human labor.

If supply goes down (fewer workers being born), prices go up; that means, higher wages.

If supply goes up (more workers being born), prices go down; that means, lower wages.

[-] gandalf_der_12te@feddit.org 1 points 15 hours ago

Fortunately population numbers are returning to sane levels, and doing so without bloodshed, famine or diseases. What a fortune.

[-] gandalf_der_12te@feddit.org 0 points 15 hours ago

Is this fair?

Is this sane?

[-] jpreston2005@lemmy.world 38 points 2 days ago* (last edited 2 days ago)

The world needs more babies.

Does it?

Or do we just need to embrace migrants?

“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.

"Have babies," said the billionaire, "or else who am I going to exploit in the future?"

[-] derf82@lemmy.world 14 points 2 days ago

Or, better yet, do we need to embrace the idea that infinite growth isn’t possible, and adopt economic systems that do not rely on it?

[-] zipzoopaboop@lemmynsfw.com 3 points 1 day ago

We need the opposite of more babies

[-] OldWoodFrame@lemm.ee 16 points 2 days ago

There's no economic reason the nominal GDP of any country or the world in general has to continuously increase. The important metric is per capita production. As long as people get continuously more productive through innovation, standards of living will continue to increase.

At the national level, vying for long term economic power in the world, a higher and younger population is going to be a huge advantage very soon and countries should be trying to get as many immigrants in their borders as they can. But instead they are...going a different direction.

[-] Colour_me_triggered@lemm.ee 3 points 1 day ago

You say that, but when I'm more productive I'm inevitably much less happy. Work sucks.

[-] Yawweee877h444@lemmy.world 12 points 2 days ago

Does anybody think about the fact that every year on average 9-10 million people die every year from starvation and malnutrition related deaths. The vast majority of these numbers are children under 5 years old. The 9-10 million number was pre-covid. There was an uptick due to the supply chain issues. I think I read an article saying the number for 2021 was around 14 million. Again, mostly children.

It's mostly kids in 3rd world Africa, middle east, India, etc.

We over here need to have more kids though. Because profits.

Idk I just think all this is dumb. Fuck capitalism and the system we have. It's all fucked.

[-] zipzoopaboop@lemmynsfw.com 5 points 1 day ago

Oh no. Not the economy.

[-] buzz86us@lemmy.world 27 points 2 days ago

It is a basic math problem.. they keep raising housing prices ain't nobody going to have kids when 1500 in rent is due monthly

[-] ChexMax@lemmy.world 10 points 2 days ago

$1500 a month? I wish!

[-] shasta@lemm.ee 14 points 2 days ago

How is your rent so cheap?

[-] buzz86us@lemmy.world 1 points 1 day ago

I haven't rented in years, luckily I found something that wasn't dumb expensive and I've slowly been fixing it up

[-] Chessmasterrex@lemmy.world 22 points 2 days ago

Many Boomers voted their progeny away when they put Reagan in office.

[-] Feliskatos@lemmy.world 75 points 3 days ago

There are more people in the world than ever before and we have folks writing news stories telling us there's a crisis building and that we need to have more kids?

They're farming us like ranch animals.

[-] undergroundoverground@lemmy.world 11 points 2 days ago

I think our planet would be described as a free-range human labour farm, to anyone who was able to view it independently. Well, lots of it not so free-range. Its why they're coming for reproductive freedom. They're doing for the same reason a beef farmer wouldn't give their cows reproductive freedom.

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[-] WalnutLum@lemmy.ml 24 points 2 days ago

Turns out that whole idea of women being the primary bearers of hundred of years of exploited reproductive labor might have had some weight to it, huh.

All that labor being redirected into "L'economie" means that, at base, you'll have less children.

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[-] RootAccess@lemmynsfw.com 41 points 3 days ago

The best way you can help fight climate change is to not have children.

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[-] TheDemonBuer@lemmy.world 131 points 3 days ago

"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.

[-] ChocoboRocket@lemmy.world 64 points 3 days ago

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

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[-] Sgt_choke_n_stroke@lemmy.world 51 points 3 days ago

The problem with capitalism, is eventually you run out of other people's labor

[-] Colonel_Panic_@lemm.ee 14 points 2 days ago

Capitalism is just a complex pyramid scheme. Change my mind.

[-] Colour_me_triggered@lemm.ee 2 points 1 day ago

No, you're correct.

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[-] MagicShel@programming.dev 81 points 3 days ago

Half my life was spent fearing the result of limitless population growth and contemplating the inevitability of war and famine to shock population levels back down to sustainable levels. They warned us about this starting at least as far back as the sixties.

I see organic population collapse as a categorically good thing.

[-] buttfarts@lemy.lol 6 points 2 days ago

That's why I tell hard-right folks that childless homosexuality is the cornerstone of God's plan to save humanity

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[-] AncientFutureNow@lemmy.world 87 points 3 days ago

Remember kids, "the economy" is double-speak for "record breaking profits for the rich".

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[-] whotookkarl@lemmy.world 5 points 2 days ago* (last edited 2 days ago)

Good, lower OECD birth rates means member countries can open the borders more for immigrants looking for better prospects, better compensation and benefits for jobs in high cost of living areas, and less stupid hiring processes. Every labor shortage is a capital shortage. Also notice how CNN quotes executives and no labor leaders.

[-] xmunk@sh.itjust.works 88 points 3 days ago

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.

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[-] PenisWenisGenius@lemmynsfw.com 43 points 3 days ago* (last edited 3 days ago)

Looks like not having kids in protest of how shitty things are is working. Everyone keep it up.

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[-] magnetosphere@fedia.io 59 points 3 days ago

HEY WORLD LEADERS: make the world a less shitty place, so I don’t feel guilty about bringing a child into it, and I’ll rawdog more often. Do we have a deal?

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[-] HulkSmashBurgers@reddthat.com 42 points 3 days ago

Less people means less stress on the environment though.

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[-] Cornpop@lemmy.world 26 points 3 days ago

Sounds awesome. Bring it on. Less people is better fuck the infinite growth economy

[-] sushibowl@feddit.nl 11 points 2 days ago

The problems listed in the article are real. we've built a system:

  1. Where a lot of economic growth stems from an increasing supply of (cheap) labour
  2. That relies on people of working age being able to financially support a retiree class.

Both of these are going to fall apart if the population stops growing. The smaller group of working age people won't be enough to support the amount of retirees, and without population growth there's no economic growth.

It's sad that economists correctly see all this coming but then conclude that the only solution is "make more babies." It's short term thinking almost by definition, because in the limit it's rather obvious that at some point we will not have the resources to support any more people. And the closer we get to that limit the less each individual person will have (even worse when wealth is not equally distributed).

Unfortunately I don't see any economist putting forth a plan that accepts population decline and alters the system to account for it. It wouldn't be easy but it seems no one is even trying.

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this post was submitted on 25 Jun 2024
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