The UN Population Division report of 2022 projects world population to continue growing after 2050, although at a steadily decreasing rate, to peak at 10.4 billion in 2086, and then to start a slow decline to about 10.3 billion in 2100 with a growth rate at that time of -0.1%.
This estinmate is dropping almost every year. If the worlds population growth goes into reverse
How will we cope with a shrinking workforce, an aging population, and potential economic challenges, but also potentially lower resource consumption and environmental impact
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The cause is urbanization. It's going to be interesting, as the human population hasn't leveled off since before the invention of agriculture. All societies have been built on the assumption of a demographic pyramid with lots of young people working and supporting a small number of old people. When that reverses, we'll be in uncharted territory. This will happen sooner in some places than others. Japan and South Korea will be good examples as their birth rates are among the lowest in the world, and they're not postponing the demographic time bomb with immigration the way the US and Europe are. How they handle this will be instructive for everyone else.
@LeopoldBloom But I think the bit of your model you havent talked aboutis that shrnking populaiton normally means shrinking consumption and economic contraction, wjhich delays purchaes etc etc - a life long economic depression - a situation in which I htink the modern democracies collapse. Lets see how it shapes up.
