Accept Even More Migrants To Offset Demographic Collapse, Or Else

[border_humper]

Jackson Hole's Parting Advice: Accept Even More Migrants To Offset Demographic Collapse, Or Else | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

It was first tried in Europe and it was a catastrophic failure as millions of Syrian refugees and various radicalized Islamist overran the continent, sparking a historic right-wing backlash. It was then tried in the US and the record flood of illegal aliens at the southern border cost the Democrats the 2024 election. And now, with the entire world on edge against the growing wave of migrant aliens originating from Africa and the Middle East, the world's money printing megabrains at Jackson Hole have decided that third time will be the charm.

While doing everything in their power to avoid discussing the Lisa Cook elephant in the room (and literally kicking out anyone who dared to ask how someone who is i) either a criminal or ii) has no idea how to fill out a mortgage is allowed to set the price of the world's reserve currency) top central bankers gathered at Jackson Hole warned that the world’s largest economies will lack the workers they need to power growth and keep prices stable in the coming decades unless they attract more foreigners. And this calculus doesn't even include the hundreds of millions of jobs that will be lost to hallucinating chatbots.

Speaking at an annual gathering of leading policymakers in Jackson Hole, Wyoming, the heads of the Bank of Japan, European Central Bank and Bank of England all sought to highlight the challenge to economic growth posed by ageing populations. The BOJ's Kazuo Ueda told the Kansas City Federal Reserve’s annual symposium that his country’s rapidly ageing society had made labor shortages one of the country’s “most pressing” economic issues. Of course, far be it for Japan - notoriously racist and militantly hostile to gaijin foreigners - to actually go ahead and accept some of the millions of Guatemalan "refugees" who voted for Kamala in the 2024 US election. But "at least" he is throwing out rubberstamped by his globalist overlords now that they can no longer congregate in Davos where WEF fuhrer Klaus Schwab is dealing with the legal fallout from a life of (alleged) sexual harassment. While foreign workers accounted for just 3% of the labor force in Japan, Ueda said, they had been responsible for half of the recent rise in labor force growth. “Further increases will surely require a broader discussion,” he said. Only problem with that is that Japan, which is the opposite of an immigrant nation, literally treats foreign workers and asylum seekers as an inferior class of humans.

Which is not to say that there is some easy solution: there isn't one in a world where central banks have destroyed the middle class and where having children is prohibitively expensive for most potential parents (and then they wonder why there is a global demographic crisis). Across rich economies birth rates are at historically low levels, while people are living much longer. That has raised so-called dependency ratios, meaning that a far higher share of the population is no longer of working age.
But it's not just Japan: ECB president Christine Lagarde also said an influx of foreign workers would play a “crucial role” in countering the negative impact of demographic trends on economic growth. As if that wasn't tried by Germany and most of Europe during the mid-2010s when millions of Syrian refugees swept across Europe sparking a historic influx of Muslims, who refuse to - how should one put it politely - integrate culturally.

Lagarde noted that without an influx of foreign workers, the euro area would by 2040 have 3.4 million fewer people of working age, the FT reported. The Eurozone’s labor market came through the pandemic in “unexpectedly good shape”, partly because of more older workers, but “even more” importantly due a rise in the number of foreign workers, she said.

“Although they represented only around 9 per cent of the total labor force in 2022, foreign workers have accounted for half of its growth over the past three years,” Lagarde said. “Without this contribution, labour market conditions could be tighter and output lower.”

BoE governor Andrew Bailey said that the “acute” challenge that demographics and declining productivity posed to the UK economy had not been emphasized enough.

It gets better: proving just how disconnected from the real world economists really are, they believe that attracting foreign workers (many of whom prefer to not actually work but merely laze about all day draining a host nation's welfare funds as much of Europe is finding out) to fill labor shortages will be essential in keeping growth on track in the coming decades... despite the rising pressures of populism and public sentiment souring on immigration.

Central bankers predict population ageing will not only lower output but also risks pushing up inflation, as workers would be able to demand higher wages in an environment where labor shortages were widespread. By 2040, 40% of the UK population would be older than the standard working age group of 16 to 64, Bailey added.

The UK has also been hit by a fall in labor force participation rates, driven by a rise in the number of people defined as “long-term sick” and a significant drop in young people in work, two factors that Bailey suggested might be intertwined. In other words, as we said - most prefer to pretend work as opposed to actually, you know, work.

The BoE had become “much more focused on [measuring] inactivity” than on unemployment, Bailey said — although he acknowledged that labour force participation, and the reasons for its decline in the UK, were harder to measure than headline unemployment data.

“It gets better: proving just how disconnected from the real world economists really are, they believe that attracting foreign workers (many of whom prefer to not actually work but merely laze about all day draining a host nation's welfare funds as much of Europe is finding out) to fill labor shortages will be essential in keeping growth on track in the coming decades... despite the rising pressures of populism and public sentiment souring on immigration.”

Ah, reliable central bankers like our own prime minister.

 

[416_Refugee]

There is a legitimate point here. We could send all the jeets (and others) home, but is everyone prepared for the consequences of that?

Goodbye welfare state - that's not just people sitting at home on their ass getting paid not to work. That's no more 'free' health care, no more state pension, no more disability, no EI, no free drugs for seniors, no support for your kid's rare genetic condition/autism/etc. Infant mortality would go waaay up. Old people with no family are going to have a miserable time (money won't really help - see below).

Shit infrastructure: Detroit-level roads, undependable water/electricity. Police and fire protection would probably thin out to the point to a "DIY" model and you'd get citizens groups/gangs having to do it. This would be in an environment of desperation - increased petty crime/theft, probably also serious crimes like murder etc.

Unreliable availability of 'stuff': food, medicine, gasoline as well as all the other unessential baubles we take for granted today, showing up on our doorstep from Amazon. It's still going to be made, distribution will just become unreliable. You're gonna need to plant a garden and/or get some chickens to span the gap.

Big-time inflation: Workers would command a higher salary with supply/demand dynamics, but it would be cancelled out as companies would have no choice but to jack prices to compensate. More dollars chasing fewer goods... inflation 101. This will raise a huge black market where people trade goods to work around prices, poor availability (per above) and also the massive government taxes that will come in.

Property would be cheaper but there'd still be affordability issues in trying to maintain it. It would be a boon to community, as you'd need a community to survive, no more of the atomization and alienation the west faces.

Have I just described post-Soviet eastern Europe here? Love to hear from the slavs out there.

As much as this would really suck... a population can adapt and survive. I would wager that the birthrate would actually go up once the government's reach withers to a certain point. We would recover and thrive again. What a population can't survive is replacement, being lulled into decimation via decadence and vice. Then, the "replacement" people living here will live the above anyway without recovery - they don't know how to live any other way.

Which way, western man?

 

[border_humper]

The welfare state is ending regardless of whether remigration happens.

We’re about to experience the outcome of making it unaffordable to have multiple children.

 

[416_Refugee]

I agree - it's just a matter of timing and who is left here to rebuild (which will determine what "rebuild" looks like).

 

[Hirudinea]

@416_Refugee

Which makes it imperative that we get the third worlders out. Nobody wants to live in a country rebuilt by the scum of Africa, Asia and Davos!

 

[hugh_madd]

Most (the vast majority)of the horde we’re importing are net costs to the state, and they aren’t key to maintaining any of the infrastructure mentioned.

There would be hardships and contraction for sure, but the good will vastly outweigh the bad of our current direction.

Building the house of cards even higher is insanity.

 

[Hirudinea]

Well remember the effect a population decline had on medieval Europe, here's the AI synopsis,

"The Black Death acted as a significant catalyst for the Renaissance by causing societal, economic, and religious upheaval that weakened traditional feudal structures, leading to a greater emphasis on individualism and humanism, an increased flow of wealth and social mobility, and disillusionment with the Church."

Seems to me that the powers that be want to take us back to feudalism, so a population reduction, while it would be painful in the short term would probably be a net good in the long run. Maybe I'm just an optimist. Oh and for Church in that quote read, for today, the Church of Commie/Woke.

 

[Hirudinea]

Jackson Hole's Parting Advice: Accept Even More Migrants To Offset Demographic Collapse, Or Else | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

“It gets better: proving just how disconnected from the real world economists really are, they believe that attracting foreign workers (many of whom prefer to not actually work but merely laze about all day draining a host nation's welfare funds as much of Europe is finding out) to fill labor shortages will be essential in keeping growth on track in the coming decades... despite the rising pressures of populism and public sentiment souring on immigration.”

Ah, reliable central bankers like our own prime minister.

border_humper
So you know this is exactly what Carney will give us.