The Economist: Declining fertility and declining immigration lead to:
- DEATH SPIRALS: ... the biggest problem is that, once a place starts shrinking, ... there is far more housing available than people to fill it, ... landlords and even homeowners stop maintaining their properties, ... blight spreads ..
- TAXES PAID BY FEWER PEOPLE: as cities lose population, the cost of providing public services [mostly public pensions] tends to stay about the same. ... the result is that the remaining taxpayers must pay more simply to support the same services.
- STATE CANNOT PAY ITS PENSIONS: Across Illinois the total burden of unfunded state and local pension liabilities is estimated to be around $210bn, or roughly four times the state’s entire annual budget.
- IL, NJ, WV, have been shrinking for awhile
- In 2021, 14 more states shrank.
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