Age groups may eventually form separate political parties and pick their own leaders as falling birth rates force increased costs to support the old on the young, suggests former Conservative leader William Hague in a Timess opinion piece. The burden of demographic change, which is affecting vast regions of the world will fall mainly on today’s under 40s, and with particular severity on the under 20s. This will increase pressure on politicians to introduce differential tax rates, reduce them for younger people. Though AI may reduce demand for workers, Europe will have to choose between higher immigration or diminishing pool of labour.
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