In Shropshire, the heart of rural England, AI-powered robots are on hand in elderly patients’ homes, to help remind them to take their medication, monitor their health and even organise visits by carers and family members.
The machines are just one of the ways in which the world economy is responding to a demographic earthquake.
After 60 years in which the fertility rate has halved in rich economies, the number of people of working age in many such countries is either already falling or set to do so soon. That contraction in the traditional labour force comes even as people’s lifespans have lengthened dramatically.
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