> But without immigration they don’t have enough workers.
They have lived beyond their means for a long time. The solution is they have to either boost productivity generally with a mostly stagnated population, have fewer people at present levels equivalent of output, or accept a lower quality of life.
You can see the fact that they're living beyond their means even in supposedly well-off countries like Denmark / Norway / Finland / Sweden / Netherlands, where the household debt to income figures have been shockingly high for 10-15 years now. They're the most indebted people in world history, pretending it's sustainable (maybe for Norway, thanks to their extreme per capita pollution output via fossil fuels).
They have lived beyond their means for a long time. The solution is they have to either boost productivity generally with a mostly stagnated population, have fewer people at present levels equivalent of output, or accept a lower quality of life.
You can see the fact that they're living beyond their means even in supposedly well-off countries like Denmark / Norway / Finland / Sweden / Netherlands, where the household debt to income figures have been shockingly high for 10-15 years now. They're the most indebted people in world history, pretending it's sustainable (maybe for Norway, thanks to their extreme per capita pollution output via fossil fuels).
https://data.oecd.org/hha/household-debt.htm
The Baltics and some parts of Eastern Europe, are the best positioned going forward.