The ongoing baby bust in China has already lowered its share of the world working age population from a peak of 24 per cent to 19 per cent, and it is expected to fall to 10 per cent over the next 35 years. With a shrinking share of the world’s workers, a smaller share of growth is almost certain.

#china #ccp

https://www.zerohedge.com/economics/chinas-share-global-economy-shrinking-fastest-pace-mao-era

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I think this economic theory is outdated, AIs have changed everything!

AI does not live in houses

AI does not eat food

AI does not consume entertainment

AI does not use health services

Etc.

While #ai will have a big impact on our lives, less people means less demand for the above, which means less growth.

Economic growth needs consumers and people are consumers.