While there is no doubt that the younger generations are the economic backbone of any country, it is predicted that most developed countries are going to experience a drop in birth rates over the coming 50 years with people aged 65 and more contributing to one-third of the population. In this essay, I am going to discuss the effects of this on the developed countries and suggest possible solutions to deal with it.
Firstly, a decline in the births could result in a lower working community. This is because over time lower births could result in very few people in the age bracket of 20 to 50, which is the most employed age group by any employer. Moreover, this could lead to a decline in economic output. For example, most physically challenging works, such as construction work cannot be carried out by the people aged more than 60 as they require both physically and mentally strong workers. The solution for this can be to encourage young international citizens an opportunity to settle in the country. This result of this can be an increase in the working population and thus driving countries economic growth.
Secondly, Lack of younger generation could result in fewer innovations. The reason for this being that in old age the brain might not function as well as it used to when a person was young. For instance, Many businesses employ younger age groups in their research and product development because of their innovative and imaginative powers, whereas seniors are restricted to mostly decision making roles. Furthermore, lack of innovations can result in a predictable and boring world. The answer to this problem can be to encourage more births by ensuring free education and health care incentives for the children. This can result in more births and over time can lead to an increase in younger population thus driving the nation's economic growth.
To conclude, lower birth rates can result in a decline in the economy and fewer innovations. I believe that the government is responsible to increase the birth rate by considering the solutions mentioned.
While there is no doubt that the
younger
generations are the
economic
backbone of any
country
, it
is predicted
that most developed
countries
are going to experience a drop in
birth
rates over the coming 50 years with
people
aged 65 and more contributing to one-third of the population. In this essay, I am going to discuss the effects of this on the developed
countries
and suggest possible solutions to deal with it.
Firstly
, a decline in the
births
could
result
in a lower working community. This is
because
over time lower
births
could
result
in
very
few
people
in the
age
bracket of 20 to 50, which is the most employed
age
group by any employer.
Moreover
, this could lead to a decline in
economic
output.
For example
, most
physically
challenging works, such as construction work cannot
be carried
out by the
people
aged more than 60 as they require both
physically
and mentally strong workers. The solution for this can be to encourage young international citizens an opportunity to settle in the
country
. This
result
of this can be an increase in the working population and
thus
driving
countries
economic
growth.
Secondly
, Lack of
younger
generation could
result
in fewer innovations. The reason for this being that in
old
age
the brain might not function
as well
as it
used
to when a person was young.
For instance
,
Many
businesses employ
younger
age
groups in their research and product development
because
of their innovative and imaginative powers, whereas seniors
are restricted
to
mostly
decision making
roles.
Furthermore
, lack of innovations can
result
in a predictable and boring world. The answer to this problem can be to encourage more
births
by ensuring free education and health care incentives for the children. This can
result
in more
births
and over time can lead to an increase in
younger
population
thus
driving the nation's
economic
growth.
To conclude
, lower
birth
rates can
result
in a decline in the economy and fewer innovations. I believe that the
government
is responsible to increase the
birth
rate by considering the solutions mentioned.