• Triasha@lemmy.world
    link
    fedilink
    arrow-up
    5
    ·
    24 days ago

    A falling population with a stagnant economy sounds bad but that’s a rising standard of living.

    Long hours are not captured in GDP but Japan had that problem long before the population pyramid inverted.

    • boonhet@sopuli.xyz
      link
      fedilink
      arrow-up
      3
      ·
      24 days ago

      Oh no, not just stagnant GDP. Stagnant/decreasing GDP per capita. The absolute GDP is down even more.