The percentage of the population of the citizens whose age is under 15 is increasing steadily. What effect can be to this nation’s present and future?
The structure of world’s population is changing rapidly, leading us into uncharted demographic waters. The demographic increase in teenagers could have profound implications – both positive and negative – for the whole the society.
At present, crime levels, strongly correlated to the size of the teenage male population, are falling while public services which cater to young people are expected to face serious challenges. Dozens of primary schools have already been forced to expand over the last decade due to the high fertility of the ‘baby boom’. Now secondary schools and universities are being warned to prepare for a steady growth in applications as these children enter their teenage years. In addition to public services, the climbing teenage population also has an impact on this country’s culture and economy, both of which gain substantial momentum from the tastes and demands of youth. But the result is not clear yet.
In the long-term, the future of a nation will be influenced as well. As time goes on, when those citizens ageing 15 and below become adults, they have to seek for decent jobs, extremely raising the fierce competition in job market, which will result in high unemployment. After five decades when they grow older to be senior citizens, the country will suffer the issue of aging population. It means there will be a rise in the dependency ratio, with a smaller percentage of workers supporting a greater number of people in retirement. Government expenditure on health care and pensions is doomed to ascend whereas the younger generation may have to burden higher taxes. It is a source of concern for all the governments-especially those with existing debt issues.
In designing business organizations of the future, the private sector – with appropriate public-policy support – should anticipate, rather than passively await, this trend toward longer lifespans and older employees.