Over fifty decades, it is predicted that the rate of birth in most affluent countries will have been diminishing. There is a forecast that the number of elderly population will have peaked one third of the population in these countries. If it is true, then there may be some drawback effects on country’s economies and its labor force. In this essay, I will mention some disadvantages of aged population and address some solutions for this situation.
One of the biggest problems is that the countries will probably struggle in finding young labour. In most developed countries, a number of companies said that the young workers are now a rarity; therefore, they have to recruit employees who come from developing countries. Take Japan as an example, according to an official newspaper, if the country continues to have the shortage of young workers in the next ten years, they may employ more than thirty thousand foreigners working in heavy industry. Another effect should be taken in consideration is that the increasing proportion of elderly people also has a major impact on government spending. The more number of senior citizen increases, the more money is spent on health care and welfare. For example, my grandfather, who used to work for a chemical company, is receiving his pension at the moment. He also needs to come to see his physician frequently as he gets older.
Governments could certainly make more efforts to encourage parents to have more babies. For example, they should allow pregnant to have long day off after their delivery. The governments should also take responsibility for taking care of the children by covering all their cost of living and tuition fees. Besides, the governments should reduce young unemployment. They may organize workshops and cut down the unemployment benefits. Therefore, the countries may get rid of this problem in a long term.
The elderly population would have some downsides effects such thing as worker finding difficulty, pension and welfare expenses. The governments should play a crucial role in solving these problems.