Empty buildings, empty schoolrooms, empty universities !
Unfortunately, the
demographic profile numbers I investigate in this book lead me to conclude that
these economies (Portugal, Spain, Greece & Italy) are going to shrink
20%-30% in the coming decades as their working age population decline at a rate
of 1% a year for several decades (current numbers of births imply the steady
decline to last until 2050; possible extending further into the future if
natality rates do not increase). There will be less people around and
consequently a lot of empty buildings, empty schoolrooms, empty universities
and packed retirement homes and hospitals.
Economic Cycles, Debt,
and Demographics, Carlos Alegria 2017 , Amazon
If you look at the book Germany, China and Korea are not in a better shape. I think the population shrinking is not a problem for supply, with machines and a lot of unemployment we don't need more people to produce everything we want. The problem is demand. There will be no demand for real estate, space, offices, food etc...
i see deflation.
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