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You can’t even pay people to have more kids
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this post was submitted on 28 Nov 2023
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Korean here. The problem is the steepness of the trend. We are not ready for such dramatic change over short period. Gradual decrease in population will cause economic downfall for sure. But we can deal with that. But in current speed, it's going to be economic airplane crash. Claiming that it's only bad for the 1% is just delusional at best. The crash will overwhelm any social/economic structure.
I've noticed some people here practically yearn for disasters because it might hurt the rich. The absolutely staggering collateral damage to everyone else is ignored or waved away. It's very much a desperate "nothing left to lose" philosophy that's both sad and scary.
Multiple generations have had all the doors slammed in their faces, and all the ladders pulled up before them. Instead of acting like crabs in a bucket, they've decided they would rather have nothing so long as the people who trapped them suffer too. It's pure spite but can you blame them? I'd probably do the same thing.
You are ignoring the fact that there's going to be several times the loss in human workers added to the workforce by way of virtual laborers within 20 years.
This is just one of the many recent instances of humans being unable to adequately forecast consequences due to anchoring biases. While we typically see it in the other direction (minimizing increasing risks because of lower historical risk) here it's something that would have been concerning decades ago but won't be nearly as risky decades from now.
Maybe the chaebols should stop constantly putting up new apartment blocks now.
That's very far from what's happening right now. I'm curious where did you get that idea from.
Maybe the evidence is anecdotal, but I've lived in Korea for 20 years, and there's always a huge new, self-contained apartment complex going up nearby. If anything, they've ramped up production in that time. While older population centers are left to decline. Maybe not in Seoul which is shoulder-to-shoulder apartment complexes already, but the smaller cities are full of decaying apartment complexes since they put them up, then completely fail to maintain them as they know their market is full of people who will move into the next complex since "gotta have the latest and greatest" is a problem here.
There's good evidence though. When you drive from Incheon Airport into Seoul, you see a ton of new apartment / condos going up. Every time I visit, I see more and more buildings put up.