Andrew J. Scott challenges the conventional wisdom that falling birth rates are a one-way ticket to economic decline.
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Economics
Aug 21, 2026
Andrew J. Scott
Governments and economists have long viewed demographic aging as a threat to economic growth. But new research finds that labor scarcity encourages investment and shifts innovation toward labor-saving technologies, boosting productivity enough to offset a shrinking workforce.
A new study reveals that aging populations can boost economic productivity without negatively affecting overall GDP growth.
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