As total fertility rate continues to rapidly decline due to educated, empowered women having less kids or no kids, wages will rise globally due to reduced labor supply as prime working labor force cohort compresses. To get to that point, domestic economies with surplus labor need to be stoked with investment (Africa and India) to maximize economic potential until the labor supply constraint is reached.

The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival - https://link.springer.com/book/10.1007/978-3-030-42657-6 | https://doi.org/10.1007/978-3-030-42657-6

https://www.suerf.org/wp-content/uploads/2023/12/f_fa99ccdbe...

https://www.mckinsey.com/mgi/our-research/dependency-and-dep...

https://www.cato.org/cato-journal/spring/summer-2018/demogra...

https://www.bis.org/events/conf160624/goodhart_presentation....