The actual cost of worsening demographics
Some slow-burning societal issues, such as the demographic challenges facing Western economies, receive little attention from policymakers. Strategies to address demographic decline often risk upsetting most European politicians, who prefer to focus on short-term issues that are more likely to affect their careers. Some may consider this a cynical perception of what is wrong in today’s democratic politics. Still, the medium- and long-term costs of ignoring the demographic time bomb are being underestimated. An ageing population and slower labour force growth...
