It is expected in the near future that there will be a higher proportion of old people compared to younger population in some countries. 🔸Is it a positive or negative development?
There is an anticipation that in the near future the percentage of elderly will be much more than young citizens in some countries.
However
, I do believe that this
trend has significant impacts on countries’ economy
and industry.
To commence with, when younger generations get old, they become vulnerable and require care. Suggestion
the countries’ economy
Thus
, there should be some people to take care of these old people. But, when the proportion of old people becomes more than their younger peers, a large amount of budget and workforce
is need
to cope with Suggestion
needed
this
issue, which results in a
enormous strain on Suggestion
an
government
as well as society. For example
, a professor from Monash university conducted a research, and its results revealed that since the percentage of old people in Japan has become more than younger people, Japan’s economy and industry faced a significant decline.
Furthermore
, when people get old
or retired new employees or Suggestion
older
workforce
should be replaced. But, in countries that are facing a negative trend in their birth rate, finding and replacing new
Suggestion
the new workforce
workforce
becomes a great challenge for the government
, thus
they have to hire from other countries. For instance
, in Japan due to lack
of young workers in the country, the Suggestion
a lack
government
was forced to recruit almost one million foreigners to use them in different parts. Also
, it is estimated that hiring these foreign workforce
puts heavy costs on the country and results in the reduction of life quality in many cities of Japan. Finally
, government
announced that young couple with more than two children will be exempted from taxes to motivate them for having more children.
In conclusion, the negative trend of the birth rate can cause destructive consequences, and having Suggestion
the government
more old
people means more problems. And Suggestion
older
more older
this
problem should be addressed, otherwise
country
will a wide variety of challenges in the future.Suggestion
the country
Submitted by msharifielts on
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