That’s fine, but I did say “for some combination of reasons, like” as a caveat. I don’t know what the strongest reasons will be. I just gave a couple of possibilities. But overall, it’s obvious that the overall flow of resources goes from the young to the old. And as a population ages, this flow will increase unless something else changes.
I’ll add that “doing stuff and staying connected with people” is not necessarily the same thing as being productive. I don’t mean that putting around in one’s garden is a waste in some cosmic sense. But as far as society is concerned, it’s different than working your normal job for another 5 or 10 or 20 years.
I’m not sure everybody even realizes the difference between a low birth rate and a shrinking population, or between a population with even age demographics vs. ones with a normal vs. upside-down pyramid.
In case it’s not crystal-clear, my position is that places like South Korea face demographic disaster. Other places, like China, could avoid disaster if they were able to fix things now, but there’s no evidence that they’ll be able to do so. Places like the US are not yet a disaster, but could be in a few decades if trends continue, so it would be very much in our interest to figure out ways to avoid getting worse.
And everyone, wherever they live, will be harmed by this decline. Like K-Pop? Great, you can expect about 1/3 as much of it in 25 years. And that’s if the youth aren’t spending all their spare hours taking care of grandma.
Climate change will be made worse by low birth rates. The only actual solution is switching to clean energy, and that will require a young, energetic population that isn’t dedicated to taking care of the old. Again, population decline substantially lags birth rates, so there’s almost no benefit to reduced emissions for decades. But switching a coal plant to solar has benefits now.
This isn’t theoretical. China is seeing a slight decline in CO2 emissions despite rapid economic growth!
This will accelerate further as time goes on. They are thankfully taking clean energy seriously now. Things would be much worse if they just waited for their population to start declining.