Basically they didn’t expect life expectancy to rise so fast. People live decades after they stop being able to contribute in terms of taxes and labor.
Exactly. It’s clear they did not foresee how rapidly their economy would expand following economic reform. An aging population and declining birth rates are some of the many growing pains that they’re currently figuring out how to manage.
Basically they didn’t expect life expectancy to rise so fast. People live decades after they stop being able to contribute in terms of taxes and labor.
Exactly. It’s clear they did not foresee how rapidly their economy would expand following economic reform. An aging population and declining birth rates are some of the many growing pains that they’re currently figuring out how to manage.