In what world is running out of peasants not realistic? What country do you live in that has a lot of peasants? The economic development of every country on earth has involved the population moving out of subsistence agriculture. I'm honestly fascinated what you have read for you to make such a statement.
its easy to run out of peasents to begin with if your using no automation for one. But i think the point is that there is a moment one can achieve relatively early all considered where you did apply all tech and automation that you could, and your population is working as productive as it could, and then what are you going to do with your construction sector and the massive resource machine that is behind supplying it with construction materials if there just arnt any more peasents to still work in more industry? Like sure there are things you could do to free up labor here like deconstructing universities and construction sectors, but the point is that with exponential growth some players can achieve high tech full employment well before the end of the game, like hitting a ceiling, and its like "your economy is done now", lest you pull in immigration en mass or start conquering places and even then that might not offer enough population to soak up the sheer economic growth capacity your construction sector can offer.
heack it can almost feel like hitting a post scarcity scenario, although we can interpret what we want with SOL. If one can achieve a high GDP per capita one will often be able to fund the state purely trough GDP minting late game and have a tax free society to boost further consumption, which can boost some further GDP growth and minting in an autartic situation. What else are you going to spend money on if you completed the research tree and everyone is employed in the best job possible? Armies i suppose, though when achieving certain sizes as large country's your 1000 unit army might become rather affordable in regards to the kind of income your getting. I'm not saying all players will get to this point, or with all nations, but the things you can do with nations like Russia if you build up a lot of momentum early on can have you wind up in situations where you just dont know what to do anymore with all your money and your massive construction pool. Especially the tech thing, if you really can bloat your state budget to be able to build 100's of university's early on and create massive innovation overflow pfff things get rediculous sometimes.
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