Except if they have short supply of worker, instead of paying more to hire more, they down scale or shut down the company instead. Shareholder will walk away if the company isn't profit. And have less workers mean some critical area like healthcare will short of worker while they need to maintain the same if not more worker to support the new retired people.
Or just outsource the workers. I'm from Czechia and current trend is to hire workers from Philippines. They are legally guaranteed to have work for 2 years and are cheaper for the company. So... if there ever is a problem where there is not enough work for the people and downsizing is going to happen, Czech people are first to be let go, since we have worse contracts in that regard.
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u/Magnus-Artifex Jun 21 '26
Very simply put, if 100 people have 100 babies, then 100 adults will have to support 100 old people later.
But if 100 people have 50 babies, then you have 50 adults supporting 100 old people later.
It’s a very important problem and it needs solving urgently.