Today, in some countries, young adults account for a comparatively large proportion of the population compared with older people. I believe the upside of this situation far outweighs its downside because young people are the main drivers of economic growth.
On the one hand, large numbers of young people can lead to high unemployment among them. Most older people already have their careers figured out. They either have stable corporate jobs or run their own businesses. In comparison, many young adults, especially those who just graduated from university, are still looking for jobs. When there are too many of them competing for the same positions, their chances of securing one are very low. However, I do not think this is a major disadvantage for young people as long as they make the leap to self-employment.
On the other hand, young people are the driving force of an economy. This is because they tend to be more productive and creative than older people, and thus are more likely to bring change and innovation to their countries. Take for example the highly innovative trillion-dollar U. S. tech industry. Most employees in this industry are only in their late 20s. I think this is a great advantage for a country because a strong economy offers people a high standard of living.
In conclusion, although large numbers of young adults can mean high jobless rates among them, I believe this disadvantage is greatly outweighed by the advantage that they can drive the economies to grow.
Today
, in
some
countries,
young
adults account for a
comparatively
large proportion of the population compared with older
people
. I believe the upside of this situation far outweighs its downside
because
young
people
are the main drivers of economic growth.
On the one hand, large numbers of
young
people
can lead to high unemployment among them.
Most older
people
already have their careers figured out. They either have stable corporate jobs or run their
own
businesses.
In comparison
,
many
young
adults,
especially
those who
just
graduated from university, are
still
looking for jobs. When there are too
many
of them competing for the same positions, their chances of securing one are
very
low.
However
, I do not
think
this is a major disadvantage for
young
people
as long as they
make
the leap to self-employment.
On the other hand
,
young
people
are the driving force of an economy. This is
because
they tend to be more productive and creative than older
people
, and
thus
are more likely to bring
change
and innovation to their countries. Take
for example
the
highly
innovative trillion-dollar U. S. tech industry. Most employees in this industry are
only
in their late 20s. I
think
this is a great advantage for a country
because
a strong economy offers
people
a high standard of living.
In conclusion
, although large numbers of
young
adults can mean high jobless rates among them, I believe this disadvantage is
greatly
outweighed by the advantage that they can drive the economies to grow.