Would love to get your take on what a shrinking population means for a country like Australia where the economy is significantly less dynamic than the US. Ie aside from mining we are entirely a demand driven services economy - we’re basically all just sitting around making websites for each other. Our economy ranks lower in complexity than Uganda and Senegal.
In this context plus low birth rates it seems to me that all we have is immigration to keep the Ponzi scheme going. Am I wrong?
Would love to get your take on what a shrinking population means for a country like Australia where the economy is significantly less dynamic than the US. Ie aside from mining we are entirely a demand driven services economy - we’re basically all just sitting around making websites for each other. Our economy ranks lower in complexity than Uganda and Senegal.
In this context plus low birth rates it seems to me that all we have is immigration to keep the Ponzi scheme going. Am I wrong?