East Asia Is Facing A Disaster It Can't Fix (247WallSt/31 Jul 2024)

247WallSt article that discusses the severe fertility rate decline in East Asia, particularly in South Korea, which has the lowest rate at 0.7 births per woman. It highlights the limited success of government measures to encourage childbirth due to high living costs, long work hours, and inadequate housing. It also suggests alternative approaches like actually embracing population decline, automation, and immigration to manage the economic impact and predicted labor shortages.