Clarification:
Take, for example, 2027, when humans in offices will be successfully replaced by AI, and robots will begin to replace construction workers and other workers. How terrible do you think it will be after 2030? And how much the level of depression and everything else will increase. I will also add that not everyone will be able to receive unemployment benefits, and some will die of hunger. Let’s be realistic and not console ourselves with rosy fantasies.
China has a problem, sure, but it’s not a “horrifyingly destructive demographics crisis.” This is largely a cope narrative pushed by “China watchers.” Further, purchasing Power in 2022 was 25 times higher than 1978. China has decent wages now, and they are only improving. The latest five year plan is also focusing on improving domestic consumption, ie improvements in living standards, and as such has better prospects than either the ROK or Japan when it comes to demographic issues, as both are struggling economically.