Demography Is Rewriting Our Economic Destiny

Demographically speaking, an economic golden age is about to end.

Where have all the workers gone?

Photographer: Uwe Zucchi/AFP/Getty Images

The idea that the world economy is undergoing a demographic transition is now so familiar that it barely even registers. The point is noted; the conversation moves on. This is a mistake. It's important to recognize just how powerful a force this shift is going to be.

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