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Declining population also means declining demand for those same services
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not really. a declining population is an aging population. think nurses, home healthcare assistants, food service, housing, a million other services that seniors use lots of (like all of us) but they're in the distinct situation of not actually being able to contribute to any of those services. Look at Japan for this scenario playing out right now (and why they are having to add exceptions to their normally extremely strict worker immigration rules).



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