RE: Cryptocurrency And The Age Of Abundance: Fueling Technological Advancement
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Aren't we also entering a stage of depopulation? In that case, won't the per capita GDP explode upwards even more.
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It depends.
To be clear, we still are going to have population expansion for the next 30-40 years. Where we are seeing a fall off is in many of the developed countries in Europe and Asia. In addition we see Canada and Russia also heading down in that area.
As for GDP, it is an interesting situation. If the population is declining (as well as aging), productivity goes down. Of course, that can be offset by technology.
Japan has not seen their GDP grow in 25 years, yet it also has not shrunk a great deal in spite of horrific demographics.
That is a testament to the Japanese people and how they are a technologically advanced country.
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