Quote of the Day
"The logic of dependency ratios, of course, works equally powerfully in reverse. If your economy benefits by having a big bulge of working-age people, then your economy will have a harder time of it when that bulge generation retires, and there are relatively few workers to take their place. For China, the next few decades will be more difficult. "China will peak with a 1-to-2.6 dependency ratio between 2010 and 2015," Bloom says. "But then it's back to a little over 1-to-1.5 by 2050. That's a pretty dramatic change. Thirty per cent of the Chinese population will be over sixty by 2050. That's four hundred and thirty-two million people."
Demographers sometimes say that China is in a race to get rich before it gets old."
-Malcolm Gladwells latest article in The New Yorker,"The Risk Pool", is readable here. its a rather interesting article on the effects of spreading social security (retirement, health care, etc) throughout like-market companies to lessen the depressing effects of an ageing workforce, levied against a youthfull one.
Demographers sometimes say that China is in a race to get rich before it gets old."
-Malcolm Gladwells latest article in The New Yorker,"The Risk Pool", is readable here. its a rather interesting article on the effects of spreading social security (retirement, health care, etc) throughout like-market companies to lessen the depressing effects of an ageing workforce, levied against a youthfull one.
spartacus
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