The World Is Running Out of People and It Has Nothing to Do With War, Disease, or Natural Disaster
Indian Defence Review • • world
Key Points:
- Population growth, once seen as a constant driver of economic expansion, is now declining due to progress such as improved health, wealth, education, and longevity, leading to fewer children being born.
- Sebastian Dettmers, CEO of StepStone, warns that this demographic shift will cause a global labor shortage, particularly in economically productive countries, resulting in significant economic challenges.
- Projections indicate the global population could shrink by one billion by 2100, with countries like Italy, Spain, Greece, Poland, Japan, and China facing drastic reductions in their workforce.
- The shrinking labor force is already causing shortages in critical sectors like education, engineering, and healthcare, which could lead to reduced production, spending, and overall economic decline.
- Dettmers advocates for a revolutionary approach involving automation, artificial intelligence, and expanded workforce education to address the impending population and labor crisis and sustain economic growth.
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