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Cake day: June 19th, 2023

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  • It is a bad thing for that countries economy. Populations where elderly people are disproportionate to younger people require an unusually high number of care takers, and those caretakers are not participating in careers that maintain or increase the countries standard of living. So for instance, there may be fewer people working on maintaining roads and infrastructure, which means the quality of those things will decline. If you apply that thinly across everything except elder care, you get increased scarcity across the board, which generally increases costs while decreasing quality.