It will be very interesting to see what happens over the next 20-30 years as populations age, the dependency ratio increases, and more people leave the labour force.
The big hype now is all about tech, and the automation of jobs, but a lot of people forget that wage stagnation directly correlates with the greatest ever influx of labour into the global economy. The rise of China and the collapse of the Iron Curtain added over 700 million workers to the labour pool.
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