Where Will We Be in 20 Years? - The New York Times - 0 views
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“Demographics are destiny.”It is a phrase, often attributed to the French philosopher Auguste Comte, that suggests much of the future is preordained by the very simple trend lines of populations. Want to understand how the power dynamic between the United States and China will change over the next 20 years? An economist would tell you to look at the demographics of both countries. (China’s economy is likely to overtake the U.S. economy by 2028, but remain smaller on a per capita basis.)
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About 70 percent of the world population is expected to live in urban areas by 2050, according to data from the United Nations.
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More people around the world had more disposable income and increasingly chose to live closer to cities with greater access to airports. That, married with the human condition that people like to be around other people, makes forecasting certain elements of the future almost mathematical.
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Predicting the future may be a fool’s errand. But using demographic data to assess the opportunities and challenges of the next two decades is something that business and political leaders don’t do enough. We’re all too swept up in the here and now, the next quarter and the next year.
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The U.S. Energy Information Administration projects that the world will need about 28 percent more energy in 2040 than it did in 2015 based on the number of people in the country and consumption patterns; on our current trajectory, about 42 percent of electricity in the United States will come from renewable sources.
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Technology has led us to expect that goods and services will be delivered at the push of a button, often within minutes.
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Entrepreneurs, industry leaders and policymakers are already at work solving some of the problems that demographic data suggest are ahead of us, whether it’s figuring out how to incentivize farmers to sequester carbon, use insurance as a tool for reducing coal production, reinvent the motors that power heavy industry so they use less energy, or write laws that help govern code.
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What about the metaverse? Or crypto technology? Or robots taking our jobs? Or A.I. taking over everything? Demographics can’t answer those questions. All of those things may happen, but life in 2041 may also look a lot like it does today — maybe with the exception of those flying cars.