Is the economy aging with the world
The article points out that the phenomenon of population aging raises concerns about a decline in the workforce and a slowdown in economic growth, especially in countries like Japan, South Korea, and China. However, it suggests that the reduction in the number of workers could drive economies to increase productivity through investment in technology and automation, thereby compensating for the shrinking labor force. It explains that higher worker productivity can maintain the overall level of output, and that automation and artificial intelligence might become solutions to the labor shortage problem—particularly as demographic shifts coincide with advances in smart technologies. Therefore, addressing population aging requires a shift in focus from the number of workers to enhancing their productivity through technological innovation.
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