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Shamil Ismail
Author
Mr
Connecting seemingly unrelated instances of essential worker shortages around the world, investment analyst Shamil Ismail builds a compelling and well-researched narrative explaining why aging populations and falling birth rates are leading to a shrinking pool of essential workers in developed countries, which will massively disrupt their societies. Methodically unpacking the factors driving this escalating crisis, he shows why proposed solutions such as automation, AI, and raising the retirement age will not fix this problem. The implications will be widespread, leading to crumbling cities with decaying infrastructure, while economic growth will be stunted by creaking supply chains, declining demand, and a shrinking tax base. Sifting through the data, trends and forecasts, Ismail answers these intriguing questions, allowing us to prepare for the daunting future that lies ahead. When are we likely to see the first major signs of this new reality? Which countries will be most impacted, and by when? How will companies and investment markets be affected? Can this path to decay be avoided and what can we do? The Age of Decay is a provocative read that will stimulate debate over the impact of the shifting demographics on society. It is an indispensable input in strategic planning for business leaders, investors and governments. Tautly written with the clever use of occasional fictional narratives, the book distils a wide range of topics into a riveting read.
Reviews
Warning that the baby boom is turning towards a baby bust, investment analyst Ismail sounds the alarm on diminishing birth rates and their projected impact in the coming decades, with an emphasis on the economic effects, especially shortages of “essential workers” in many nations. Ismail offers data-driven extrapolations of trends that could lead to “incredible challenges, unlike anything we have experienced in modern history,” andquick fictionalized tastes of the life of a woman named Eva at some indeterminate time in our future. Eva’s world “seems quieter and less ambitious” than it used to, especially after her retirement at age 75 and her city’s infrastructure crumbling around her. Her robo-cleaner Annie seems cool, though.

Most of Age of Decay, however, is penned as straight-ahead forecast of how, starting around 2020, the era of continual growth gave way to a new age of “continuous contraction and decline.” With case studies of nations like Japan and Italy, Ismail shows the work behind his dire warnings of declining living standards, a shrinking tax base, continual shortages, and even a decline in institutional memory at businesses. Ismail’ persuasively demonstrates that it is likely that many nations will hit a “tipping point where they have too few essential workers to keep their societies functioning optimally.” Also convincing: his insistence that tech won’t solve all problems: “How do you automate nursing care for the aged,” he asks, “which requires compassion and interpersonal engagement?” Less persuasive is the argument that young workers’ tendency to change jobs suggests a lack of ambition in workers themselves.

Setting Age of Decay apart from some works about declining birth rates is Ismail’s embrace of immigration as a source of both workers and consumers, especially from Africa, whose “growing prominence and influence … on the future world stage cannot be overstated.” He warns that “populist political sentiment against immigration” in the U.S. could cause the nation “to lose its current advantage in worker-aged population.”

Takeaway: Alarming forecast of the impact of declining birth rates on economies and societies.

Comparable Titles: Darrell Bricker and John Ibbitson’s Empty Planet, Dustin Whitney’s Demographic Deception.

Production grades
Cover: A-
Design and typography: A
Illustrations: A
Editing: A-
Marketing copy: A-

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