New York Times (February 11)
“It is inevitable that India will eventually grow faster than China for the simple mathematical reason that it is easier to make a small economy bigger than it is to increase the size of a larger one.” On top of that, “China’s population is aging and its labor force is shrinking whereas about half of Indians are 25 or younger and its work force will be expanding for many years to come.”
Tags: Aging, China, Economy, Expanding, India, Labor force, Population, Shrinking
Reuters (November 18)
“Japan’s attempts, through Abenomics, to beat back against the tide of demographics may be proving futile.” Though the country may be able to keep printing money, Japan “can’t print people.” Cheap funding won’t stimulate corporate investment unless companies “see both a strong outlook for profits and for market growth,” something that remains unlikely amidst an aging, shrinking population.
Tags: Abenomics, Aging, Corporate investment, Demographic, Funding, Japan, Market growth, Outlook, Population, Profits
Washington Post (August 13)
“U.S. businesses are aging…and a sharp decline in start-up companies is a big reason. As the share of young firms shrinks, the surviving companies are naturally older — and this may have huge ramifications for the economy.” Nobody’s sure why this trend is occurring, but it suggests slower job creation and raises a troubling question. “Could it be that a society whose members are getting older is more risk-averse and less adventurous?”
Tags: Adventurous, Aging, Businesses, Decline, Economy, Job creation, Ramifications, Risk-averse, Society, Start-ups, U.S.
Wall Street Journal (April 15)
“Japan still firmly leads the world in aging.” Over a quarter (25.1%) of Japan’s population is now over 65. The next grayest countries are Germany and Italy with roughly 21% over 65.
Wall Street Journal (December 23, 2013)
To avoid the stagnation that has afflicted Japan, the U.S. should embrace immigration reform. Reform could lead to a younger population, innovation and entrepreneurship. “If Japan, a rapidly aging country with famously prohibitive immigration laws, teaches us anything, it is this: If you want to avoid a “lost decade,” open your doors to immigrants.”
Tags: Aging, Entrepreneurship, Immigrants, Immigration, Innovation, Japan, Laws, Lost decade, Population, Reform, Stagnation, U.S.
Washington Post （April 6）
“The world’s most significant social, political and economic development is its aging population….Within five years, for the first time in history, the number of adults 65 and older will exceed the number of children younger than 5, the World Health Organization reports. By mid-century, this demographic will outnumber children younger than 14, and more than 2 billion of the people on Earth will be 60 or older.”
“The world’s most significant social, political and economic development is its aging population….Within five years, for the first time in history, the number of adults 65 and older will exceed the number of children younger than 5, the World Health Organization reports. By mid-century, this demographic will outnumber children younger than 14, and more than 2 billion of the people on Earth will be 60 or older.”
Tags: Aging, Demographics, Population, WHO
Globe and Mail (February 11, 2012)Globe and Mail (February 11, 2012)
Canada may soon need to “join most other Western countries in raising its pension age to 67.” This will cause much debate, but Canada is actually “late entering this argument: Europeans have been having it for a decade.” Across the globe, demographics are being transformed as people live longer and choose smaller families. Were it not for immigration, Canada would have faced the pension age debate earlier.Canada may soon need to “join most other Western countries in raising its pension age to 67.” This will cause much debate, but Canada is actually “late entering this argument: Europeans have been having it for a decade.” Across the globe, demographics are being transformed as people live longer and choose smaller families. Were it not for immigration, Canada would have faced the pension age debate earlier.
Tags: Aging, Canada, Family size, Immigration, Pensions
The Economist (July 21)
“China is getting old before it has got rich.” Thanks to its one-child policy, China doesn’t have enough kids. There are currently 8 working age individuals to support every senior over 65. “By 2050 it will have only 2.2. Japan, the oldest country in the world now, has 2.6.”
The Economist (April 7)
“This painful truth is no longer news in the rich world, and many governments have started to deal with the ageing problem.” But the official retirement age will have to rise much more than is being discussed. “Older people are going to have to stay economically active longer than governments currently envisage.”
“This painful truth is no longer news in the rich world, and many governments have started to deal with the ageing problem.” The official retirement age will have to rise much more than is being discussed. “Older people are going to have to stay economically active longer than governments currently envisage.”
Tags: Aging, Government, Retirement
