The Global Economy is quietly aging

[Fiatless]

Governments already have a solution for the aging population. Guess what? It's robots and AI. They will increase productivity, while keeping costs as low as possible. The economy will continue to flow as usual, without the same human workforce it had before.

This will become the new reality in the future. Better adapt to it, or else. Even Elon Musk hinted a Universal Basic Income system where people will earn money by doing absolutely nothing. If AI and Robots are going to take over the world, this makes perfect sense. Here's hoping for the best.

Are you sure we are not overestimating the capacity of these artificial intelligence technologies? AI cannot be the only solution to the demographic problems some countries are facing. Elon Musk and others can boast about the capabilities of these inventions, but these robots are practically limited. The goverment would have to seek means to improve the birth rate to avoid severe economic consequences.



Ford Motor Company spent so much on robots and thought they would perform better, but they were wrong.

[AprilioMP]

When we talk about a typical economy, amongst the major issues raised is youth unemployment.

What we're seeing now is major economies starting to see the direct opposite; aging population, shrinking work forces and rising pension burdens.

Now there's a hidden implication to point out, future economies may start to experience fewer workers, more retires and slower productivity growth.

This then creates massive pressure on taxation, healthcare and government budgets.

Ultimately, economies built for population expansion may struggle during population stagnation.

Trust in the economic system that is run in developing countries, I think to say it is good needs to be reconsidered.
Not all, but to ensure that all developing countries which are categorized as still have less global influence than developed countries, then to develop all that is hoped for good economic progress it will be difficult and far from being able to eliminate poverty which makes unemployment almost non-existent.
Several countries on the Asian and African continents might be examples for research.

[M47AK16]

The Global Economy is quietly aging

This situation cannot be separated from the main engine, one of the countries which can be said to be an aging economy, namely Europe and Japan, generally globally, where we can now see the workforce decreasing, So many countries currently have to use robots in companies, plus the destruction of the exchange rate against currencies and the addition of high inflation, so we are unaware of the impact this will have on the aging economy.

With the high cost of living, plus declining birth rates, health problems, very slow economic growth, this can also trigger the impact of an aging economy, If a country has prioritized taxes to cover the country's economy in paying for health facilities and for pension funds, it is no longer the best idea to create a perfect economy.

That is not as bad as people think. Because while production may drop, we have unemployment and salary problems all around the world, and aging means that eventually those aging will die, and the young will start working instead. If we have lower population, then companies will have hard time finding employees.

Right now, because of unemployment, we have a period where they offer you very little money and if you do not accept it, then they will hire someone else who will take it, so you keep working for small amount. But if you end up with lower population, they will have to offer you more money because they won't have any alternatives.

[Abiky]

Are you sure we are not overestimating the capacity of these artificial intelligence technologies? AI cannot be the only solution to the demographic problems some countries are facing. Elon Musk and others can boast about the capabilities of these inventions, but these robots are practically limited. The goverment would have to seek means to improve the birth rate to avoid severe economic consequences.

Ford Motor Company spent so much on robots and thought they would perform better, but they were wrong.

Maybe companies have gone a bit too far with AI. But that doesn't mean it'll be the end of it. This is the future whenever we like it or not. A future where AI and Robots reign supreme. It's just that companies don't have the infrastructure or capacity to support this. At least, not yet.

The global economy is bound for some massive changes, thanks to persisting geopolitical tensions. Young generations wants what's most convenient for them. And what better way than embracing AI at its fullest?

[Bitcoin.com97]

In my opinion, the global economy is definitely going through changes. The tax system that you mentioned is also undoubtedly important. But I think that the economy of a country is most affected by corruption. We know that corruption exists in more or less all countries. But corruption at the political level has the most devastating impact, because its impact affects the entire state system. If we could quickly and effectively curb corruption, it would be much more possible to build a stable and sustainable economy.

You just hit the nail at the right spot, corruption is the worst thing so far any economy is concerned, but it's not really easy to curb corruption because most of our leaders are the once doing it ,if we can get a solution , it will be easier for us , because that is one of the thing that can affect the  global economy ,see the rate of unemployment in some countries,while unqualified people works in a big organization,it's as if the wealth only goes to a particular circle while some persons who are qualified suffers , corruption has taken the order of the day ,that is why it is always and going to affect the global economy.

[fruktik]

You just hit the nail at the right spot, corruption is the worst thing so far any economy is concerned, but it's not really easy to curb corruption because most of our leaders are the once doing it ,if we can get a solution , it will be easier for us , because that is one of the thing that can affect the  global economy ,see the rate of unemployment in some countries,while unqualified people works in a big organization,it's as if the wealth only goes to a particular circle while some persons who are qualified suffers , corruption has taken the order of the day ,that is why it is always and going to affect the global economy.

In my country, the president himself is corrupt. His entire entourage also embezzles public funds. And this has been going on for decades. No one can do anything about it. The "system" itself lives and breathes it. Do you know what's most disgusting? Watching and understanding all this. It's hard and unbearable to feel one's own helplessness. Those who tried to do anything have long been killed or are in prison on trumped-up charges. A vile and despicable political elite.