Don’t like this trend: US population falls, deaths to exceed births by 2033; AI cuts jobs.

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The Congressional Budget Office (CBO) recently released some pretty alarming news: they’ve lowered the U.S. population forecast by 11 million, projecting a population of 372 million by 2054. This means we’re looking at a growth rate of just 6.3% over the next 30 years, which is quite a drop from the 10.5% we were expecting.

One of the most concerning points in the report is that deaths are expected to outnumber births starting in 2033—seven years sooner than previously estimated. Lower fertility rates and reduced net immigration are the main culprits here. This could potentially signal a demographic crisis, with serious implications for our economy, labor market, and social services.

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Imagine an economy where there aren’t enough working-age individuals. We could see labor shortages and a struggling workforce, while an increasing number of retirees place more strain on social security and healthcare systems. It’s a complex issue that we need to address before it becomes too big to handle.

Then there’s the rise of artificial intelligence (AI). CNN reports that 41% of companies worldwide plan to reduce their workforces by 2030 due to advancements in AI. This means AI is not just changing industries—it’s reshaping the job market and the economy itself. The potential for widespread job cuts underscores the importance of adapting to these technological changes and ensuring workers aren’t left behind.

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The convergence of these demographic and technological shifts demands a multifaceted approach. On one side, we need policies that support family formation, like affordable childcare and parental leave, to address the declining birth rate. On the other, we need to invest in education and retraining programs to prepare our workforce for an AI-driven future.

The stakes are high, and if we don’t take action, we could be facing a crisis of unprecedented proportions. But with strategic planning and proactive measures, we can create a resilient economy that adapts to demographic changes and leverages technological advancements for growth and prosperity.

Sources:

https://www.cbo.gov/publication/us-population-forecast-372-million-2054

https://edition.cnn.com/2025/01/17/business/ai-workforce-reduction/index.html

https://x.com/KobeissiLetter/status/1880019654082441638


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