Sheila Bair: Shrinking populations pose a huge economic opportunity
By Claire Zillman (original source FORTUNE)
“Smaller populations are not necessarily a bad thing.
The former chairwoman of the FDIC Sheila Bair on Monday took on the topic of shrinking populations: in developed countries, she says, they pose a huge economic opportunity.
Long-term demographic trends in developed countries that indicate shrinking populations will produce “short-term issues” like large elderly populations being forced to depend on a smaller working-age cohort, she said. But the problems will “level out over time,” especially with the aid of technology.”
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