People believe that because of mankind’s longer life expectancy in many countries, the percentage of the elderly is exceeding that of younger people. Personally, I would argue that this is a completely negative development.
To begin with, one of the most detrimental impacts of old population is declines in the proportion of young competent labor force. As more senior citizens have reached their legal retirement while less young blood is pumped into the labor market, local industries, manufacturing, construction and farming in particular, might encounter a lack of energetic employees fit for physically demanding tasks. Even with jobs that require lower levels of physical activities but more mental work, such as administration and design, decisions and judgment made by senior staff who are fully equipped with long-accumulated relevance experience might be conservative, compared to the young’s innovative ideas and ambition to grasp an opportunity in business. All of these possible downsides could hinder a nation from prospering in the long-term.
Furthermore, the financial burden prompted by the growing demand for social welfare but less value created is also a major public concern that several countries are struggling to deal with. To be specific, a long lifespan could result in a longer period of time the government would have to allocate a large proportion of its budget to pay for pension, whereas this must be ensured by a smaller size of functioning labor force. In other words, it is inevitable for the young generation to cope with the pressure from working harder to generate more fortune to feed an increasing number of idle mouths. In addition, the investment in healthcare for the elderly may diminish the available government funding, which can make other vital fields such as education and military suffer from a shortage of income.
In conclusion, ageing- related problems resulting from larger size of senior citizens manifest themselves in how a decreasing percentage of young competent labor force and the financial burden on governments and young employees.
People
believe that
because
of mankind’s longer life expectancy in
many
countries, the percentage of the elderly is exceeding that of younger
people
.
Personally
, I would argue that this is a completely
negative
development.
To
begin
with, one of the most detrimental impacts of
old
population is declines in the proportion of
young
competent
labor
force. As more senior citizens have reached their legal retirement while less
young
blood
is pumped
into the
labor
market, local industries, manufacturing, construction and farming
in particular
, might encounter a lack of energetic employees fit for
physically
demanding tasks. Even with jobs that require lower levels of physical activities
but
more mental work, such as administration and design, decisions and judgment made by senior staff who are
fully
equipped with long-accumulated relevance experience might be conservative, compared to the
young’s
innovative
ideas
and ambition to grasp an opportunity in business. All of these possible downsides could hinder a nation from prospering in the long-term.
Furthermore
, the financial burden prompted by the growing demand for social welfare
but
less value created is
also
a major public concern that several countries are struggling to deal with. To be specific, a long lifespan could result in a longer period of time the
government
would
have to
allocate a large proportion of its budget to pay for pension, whereas this
must
be ensured
by a smaller size of functioning
labor
force.
In other words
, it is inevitable for the
young
generation to cope with the pressure from working harder to generate more fortune to feed an increasing number of idle mouths.
In addition
, the investment in healthcare for the elderly may diminish the available
government
funding, which can
make
other vital fields such as education and military suffer from a shortage of income.
In
conclusion,
ageing
- related problems resulting from larger size of senior citizens manifest themselves in how a decreasing percentage of
young
competent
labor
force and the financial burden on
governments
and
young
employees.