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this post was submitted on 17 Dec 2023
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It is a bad thing for that countries economy. Populations where elderly people are disproportionate to younger people require an unusually high number of care takers, and those caretakers are not participating in careers that maintain or increase the countries standard of living. So for instance, there may be fewer people working on maintaining roads and infrastructure, which means the quality of those things will decline. If you apply that thinly across everything except elder care, you get increased scarcity across the board, which generally increases costs while decreasing quality.
Governments might have thought of that when they were spending decades endorsing wealth inequality and subsidizing everything from the top. Why make more people when life's already not worth living and everything continues to get worse at an accelerating rate?
Politicians aren't known for their morality and selflessness.
Or especially their ability to think long term.