The world population is expected to start shrinking within this century after hitting a peak in the mid-2080s due to lower fertility levels, particularly in China, according to the latest projection by the United Nations.
The world population is expected to start shrinking within this century after hitting a peak in the mid-2080s due to lower fertility levels, particularly in China, according to the latest projection by the United Nations.
Large scale death events are the only reference we have for the type of population reduction that we are/will be seeing.
Labor supply being reduced while demand remains means that labor is stronger. Whether that supply reduction is due to death, population decline, or other causes is not really relevant.