the overall population being smaller does not change the existing ratio of dependencies, namely the elderly who cannot contribute as much to the country and rely on younger workers who could otherwise be working more productive jobs.
As long as the population is not constantly decreasing, which it most likely will not and will stagnate or rise at some point, the ratio of elderly to productive will eventually normalize. The elderly are not immortal.
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the overall population being smaller does not change the existing ratio of dependencies, namely the elderly who cannot contribute as much to the country and rely on younger workers who could otherwise be working more productive jobs.
As long as the population is not constantly decreasing, which it most likely will not and will stagnate or rise at some point, the ratio of elderly to productive will eventually normalize. The elderly are not immortal.