[enlyth]

Indeed. Imagine having to lower real estate prices because demand falls. Fossil fuel use going down, less useless crap produced for less people, less pollution. Having to raise wages because of less unskilled labour available.

Sounds like a nightmare (for some).

[throwaway316943]

My counter argument is that humans are more wasteful when faced with abundance. Look at what we did when we discovered two continents worth of land. When perceived costs are low, waste is high.

[Camas]

In reality you'd just get a situation similar to Japan.

[path2power]

This is the future of most nations. A notable exception being the US, which will not have a demographic inversion in the 21st century.