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Is a declining birth rate a bad thing? 50 million people live in a country (South Korea) the size of Indiana. Maybe, just maybe the economy should just take a hit for a change so there can be fewer people here. I know rich people don't want that, but I bet the country would be a better place for it.
It's bad for capitalism and the 1%. You can't have infinite growth with falling population numbers.
Edit: A lot of people claiming it's also bad for the young and old people. It depends on how you're social services are structured. Where I live the system is set up so that everyone only gets back the money they put into the system. That's what the EU recommendations are and where all the EU countries are moving. Yes, the retirements will be lower in the future but that's the only way to make the system sustainable without major cuts to everything else. IMHO it's better than the idea of infinite growth.
No, it's actually bad for everyone, because few young people have to support loads of old people. Politics will cater to the old people, because they have more voting power in numbers and will cut budgets for young people (education, social security and so on).
As opposed to now? That's literally what happens here, no one wants any of these old fucks' laws. They were born when the first plane was taking off and haven't kept to date with anything in the modern world. We have no choice because the only people who seem to have any time to do anything in this country are the old people. Therefore we get shit on for simply trying to exist.
Yeah, that's getting even worse.