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

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, I do believe that

this

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trend has significant impacts on

countries’ economy

Suggestion

the countries’ economy

and industry. To commence with, when younger generations get old, they become vulnerable and require care.

Thus

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, 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

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is

need

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needed

to cope with

this

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issue, which results in

a

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an

enormous strain on

government

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as well as society.

For example

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, 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

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, when people get

old

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older

or retired new employees or

workforce

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should be replaced. But, in countries that are facing a negative trend in their birth rate, finding and replacing

new

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the new workforce

workforce

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becomes a great challenge for the

government

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,

thus

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they have to hire from other countries.

For instance

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, in Japan due to

lack

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a lack

of young workers in the country, the

government

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was forced to recruit almost one million foreigners to use them in different parts.

Also

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, it is estimated that hiring these foreign

workforce

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puts heavy costs on the country and results in the reduction of life quality in many cities of Japan.

Finally

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,

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government

Suggestion

the 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

more old

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older

more older

people means more problems. And

this

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problem should be addressed,

otherwise

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country

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the country

will a wide variety of challenges in the future.