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michael
Wall Street Millennial
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Comments by "michael" (@michaeld4861) on "Population Implosion Will Cause Global Economic Catastrophe" video.
Actually they both spend more and invest more. lol Otherwise the yacht/rich toys industries would be in trouble.
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Almost 8 billion people on the planet.... we can't just keep increasing that number forever.
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By this theory (migrants depress wages) we should have the highest wages ever compared to economic output since the birth rates have been going down. But actually we see the opposite, lower wages compared to output. mmmmmhhh 🤔 sounds like some republican "fear brown people" scheme.
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Sure but more robots doesn't mean less people (ie. consumers). It just means higher economic output per person (since robots scale up production more than people can). The problem then is that why pay a person when a robot will work for free? But then there will be no way to stop the billionaires (assuming there's at least some hope right now lol).
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"Migrants depress wages"??? Then how does having more kids solve that? Adding more people to the population is still adding more people, doesn't matter where they came from.
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