As the proportion of old people continues to rise in many countries across the world, a demographic crisis is emerging whereby the size of the labour force is decreasing and the costs of social care are rising astronomically. In that sense, the rise in population of young people is undoubtedly a positive development.
Countries such as China and Japan are facing serious potential problems, unless there is a population increase in the number of young people available to work and contribute to a social safety net through taxation. Unless this occurs, millions of old people will either be dependent on their children to foot the costs of health and social care independently, or they will simply have to bear the burden themselves at the expense of their possessions and savings.
There is no doubt then that an increase in births and a rise of potential labour recruits for the future is beneficial to nations such as China and Japan. Without this, the two countries will be less productive, thereby performing less competitively and thus being unable to contribute enough in taxes to pay for a decent standard of state-run health, education and other public services. The future of the world economy thus rests on the shoulders of the young of today.
To that extent, I have no doubt that the rise in people aged fifteen and under is a positive development. This fact is surely indisputable in countries facing a demographic emergency and the development should be encouraged further.
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