The problems sound familiar. The labor pool is shrinking. The fertility rate is rock bottom. Immigration happens elsewhere. Unemployment is at a half-century low. Companies can’t find enough workers to staff their operations. The cost of providing for the elderly is climbing because there are fewer workers.
Typically that would be a place to avoid if avoiding stagnation were the objective.
But, although these are the circumstances in play, the expected downside has been avoided, which is starting to get attention around the world.
