September 2023

Aging and slower population growth are inevitable as countries develop and women gain agency over their childbearing. There are myriad ways for economies to adjust to these shifting demographics, mainly through growth in productivity.

Cover image: People hiking on Spencer Island, located within the Snohomish River Estuary, near Everett, Washington, on May 28, 2023. (Photo by Wolfgang Kaehler/LightRocket via Getty Images)

While it is fashionable among intellectual types to assert that falling populations are a disaster, the logic for this argument is lacking. Dean Baker, Senior Economist, Center for Economic and Policy Research (CEPR)

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An elderly woman walks down an alley in a traditional restaurant district in Tokyo on International Day of Older Persons (October 1) in 2022. Japanese society is rapidly aging—Japan has the longest life expectancy in the world and a very low fertility rate. (Photo by David Mareuil/Anadolu Agency via Getty Images)

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