7 June,2006 4:51

More on Old Countries

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There is a great article today at Wall Street Journal. If you are a subscriber, you could read it here. If not, you could read on.

Based on the United Nations data, the graying nations are as follows:

Graying Nations
Percentage of population age 60 and over
 Country  2005 (%)  2050(%)
 Japan      26.3  41.7
 Germany  25.1  35
 UK              21.2  29.4
 France  21.1  33.0
 Russia  17.1  31.1
 US  16.7  26.4
 China  10.9  31.0
 India  7.9  20.7


You could see that Japan is going to really be in trouble very soon with no workforce and not enough young people to sustain the economic growth.  China with its one child policy would have the 1-2-4 formula working against it despite its economic growth.  One child-two parents-four grandparents.  The article said that actually many parents have no child to support them. Besides, China has less well developed pension and health systems for the lower income base unlike Japan.

India will fare well and so does the US.  The writer believes that the US would be the only industrialized nation to hold on to its share of global population that it would remain as a risk taker from fighting terrorism and technological innovation as compared to other allies. And naturally, that would give the US less commonality with its allies.

So, if someone in the US tells you that you should stop pumping kids out and burden the world with overpopulation as I have once been told, tell them to mind their own business.  We had better maintain the natural growth. Two parents, two kids minimum.

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