The document discusses how an aging population where the proportion of older people is higher than young people could negatively impact societies. It may place a financial burden on governments who will need to increase spending on pensions and healthcare. This could result in underfunding of other important issues. Additionally, an older workforce may reduce labor productivity compared to a younger workforce with more advanced skills. Overall, a significantly larger elderly population compared to young is assessed as an adverse development for societies and countries in the long run.
The document discusses how an aging population where the proportion of older people is higher than young people could negatively impact societies. It may place a financial burden on governments who will need to increase spending on pensions and healthcare. This could result in underfunding of other important issues. Additionally, an older workforce may reduce labor productivity compared to a younger workforce with more advanced skills. Overall, a significantly larger elderly population compared to young is assessed as an adverse development for societies and countries in the long run.
The document discusses how an aging population where the proportion of older people is higher than young people could negatively impact societies. It may place a financial burden on governments who will need to increase spending on pensions and healthcare. This could result in underfunding of other important issues. Additionally, an older workforce may reduce labor productivity compared to a younger workforce with more advanced skills. Overall, a significantly larger elderly population compared to young is assessed as an adverse development for societies and countries in the long run.
It is expected that there will be a higher proportion of older people than that of young
people in many countries in the future. Do you think it is a positive or negative
development? It is predicted that in the future, many countries would have to face with situation which the percentage of elderly people is much higher than that of young people. From my point of view, this trend is ultimately an adverse development for society in the long term. In the first place, having a large proportion of older people can place a financial burden on the state budget. The government will have to increase the expenditure of pensions or medical care service for people who are vulnerable, which causes the authority to cut back and underfunding for issues of immediate concerns. Many developing countries with limited budget such as Viet Nam, India, for instance, due to allowances for the old folk, the government no longer has enough money to develop the education or national defense industry. In the second place, more and more elderly could reduce the quality of labor force. It is very clearly that the aged can not have the same strength and agility as the young, which can lead to a significant decrease in labor productivity. These factors accumulate gradually and then could cause a serious drop in the production and revenue of the business. In contrast, having a young workforce with advanced level skills in technology can make the production process becoming easier, thereby enabling to efficient productivity. To conclude, I am a firm believer that the expanding number of older people in comparison to younger people is decidedly a negative development for the society and the country.