“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?”
Does it?
Or do we just need to embrace migrants?
“Have babies,” said the billionaire, “or else who am I going to exploit in the future?”
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?