Money For the Rest of Us

How Population Trends Will Impact Growth, Inflation, Investing, and Well Being

Jul 27, 2022

Discussing how slowing population growth and an eventual peak will impact competition for foreign workers, inflation, and transitioning to a steady-state economy. Exploring the implications of longevity and birthrates on population growth, the need for more immigrants in high-income countries, and the shift towards a focus on well-being over constant growth.

27:11

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Quick takeaways

Aging populations and declining fertility rates worldwide will lead to competition for foreign workers and potential higher inflation.

Transitioning to steady-state economies may be necessary as natural resources become scarce due to slowing population growth.

Deep dives

Impacts of Global Population Trends on Growth, Inflation, Investing, and Well-Being

The United Nations revised the world population prospects, projecting a global population of 8.5 billion in 2030, 9.7 billion in 2050, and peaking at 10.4 billion in 2086. Aging populations and declining fertility rates are driving these trends, with women living longer and comprising 56% of those over 65. Higher income countries have higher life expectancies compared to less developed nations, impacting global demographic shifts.

Introduction

3min

Population Trends and Implications

10min

Exploring the Impact of Population Trends on Inflation and Labor Trends

3min

Transitioning to a Steady State Economy and Population Growth

9min

Exploring the Transition to a Steady State Economy and Its Impact on Well-Being and Investment

3min

How slowing population growth and an eventual population peak will lead to competition for foreign workers, potentially higher inflation, and ultimately the need to transition to a steady-state economy rather than one based on constantly producing more.

Topics covered include:

How longevity and birthrates impact population growth
What areas of the world are seeing population increases versus declines
Why high income countries will need more immigrants in order to sustain their population levels
When is global population expected to peak and at what level
Will greater dependency ratios lead to higher inflation
What is the difference between growth and development
How slowing population growth will impact investments
Why the world will need to transition to a steady-state economy focused on well-being rather than growth

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Show Notes

World Population Prospects 2022: Summary of Results—United Nations Department of Economy and Social Affairs

Five Key Findings from the 2022 UN Population Prospects by Hannah Ritchie, et al.

Germany Plans to Simplify Immigration Rules to Combat Labour Shortage—Schengen Visa

High Cost Deters IT Gurus from Filling Luxembourg Jobs by Kate Oglesby

Another Beautiful Italian Town Is Selling €1 Homes—This Time, No Deposit Required by Cailey Rizzo

Will Inflation Make a Comeback as Populations Age? by Olli Rehn

The Great Demographic Reversal: Ageing Societies, Wanting Inequality, and an Inflation Revival by Charles Goodhart and Manoj Pradhan