Morgan Housel
π€ SpeakerAppearances Over Time
Podcast Appearances
And China took the first half of that equation, the increase in number of people, and it didn't bring it to zero.
It put in a hurricane headwind on top of it.
And so, you know, maybe AI and robots make us all so productive that it makes up for that.
That could be the case.
Because U.S.
demographics are better.
It's the cleanest shirt in the dirty laundry bin.
But relative to what it was for the last century, it sucks.
It's much worse.
But not just China.
Japan's been a basket case for a long time.
The statistic 10 years ago, I'm sure it's worse now, where adult diapers outsell child diapers in Japan.
There's your sign.
I've heard that before, but that's still terrifying.
There's your sign, right?
It's just terrible demographics.
So Japan was kind of the front runner in this.
China's terrible.
Russia is abysmal.
South Korea is very bad.