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Japan is having a demographic crash and China is getting jealous... China, you're a cool kid when you're being you - you don't always need to ape Japan.
Hardly the only two countries. In the US it's only masked by immigrants. Fertility is even coming down in most parts of the third world.
It's mainly attributable to women's improved education, career prospects, and access to contraception, plus declining infant mortality. Every single one of these factors is a good thing, but the combination of them will lead to a global demographic crunch over the next century.
I disagree with your statement that it's "masked" by immigrants - I think immigration is a legitimate solution... but I don't disagree with your causes - especially wealth inequality/declining career prospects for everyone.
This must come as a surprise to "pro-family" conservatives but being ground into dust by your employer doesn't really get the mojo flowing.
When all the countries go below replacement levels, where are we going to get the immigrants from then? Outer space?
If all countries go below replacement levels we'll be in a wonderful position because we'll be able to feed and provide for everyone. That's a looong way off though.
Not necessarily. Pension systems will be strained, many economies of scale might break down, infrastructure might become too expensive to maintain with reduced taxpayer funding. Most young people will work to support old people leaving little leftover economic potential for anything else.
A lot of people think that we can solve it with automation, but initial investment required to do that might become too expensive before it becomes necessary.
China‘s crash is much worse. And as uplifting as some people make this headline to be, hundreds of millions of Chinese will suffer greatly from this crash. And no, immigration won‘t solve this. Who wants to move to a crumbling communist China decades from now when their LED skylines stopped light polluting the night sky? I mean I already would never want to live there and it won‘t get better from here.