It’s not only a monetary problem, now Europe is dangerously walking on the path of demographic crisis, a path that has been killing Japan for 20 years in a slow and painful way
(original publishing date 06/07/14)
Working age population in Europe is declining:
What does it mean ? Well, technically, it may mean 2 different things:
1) Population is aging
2) We’ve had a “baby boom” a couple of decades ago and now we’re starting to experience the positive effects for labour market
Unfortunately, we haven’t had any baby boom. It appears population is aging in Europe, and this is really, really bad.
The US are in a better situation than us thanks to immigrants, so if you are European and you’re reading this post, you may want stop criticizing immigration.