Adventure Ausrama Blog

Though populations in Western countries are getting older, the proportion of young people in developing countries is extremely high. There are no fears of a future labor shortage because of this. However, Western economies will probably face higher unemployment and lower tax revenue if they do not employ older citizens. Countries that go through boom times seem to end up with societies that do not produce enough children to "even out" the general population over time. A case in point is Japan. It was a strong economy from the 1960s. Now it is struggling but the propensity not to have children persists. Savings were high in Japan. Elderly people have already sold off assets that they had accumulated to fund their retirement. Savings have fallen from 15 per cent of GDP to only 3 per cent. Baby boomers experienced the highest standard of living ever so they had the opportunity to save. Younger Japanese workers today do not have the income surplus to put aside for the...

As developing countries become more developed with rising incomes and better health care so the birthrate is falling. Taiwan is a case in point. They are worrying now about how the large proportion of elderly people in the country will be cared for. Taiwanese couples only have one child, currently. In China with the one-child policy the birthrate is higher than Taiwan's 0.91 per cent. This country has the Western "disease" of very expensive housing and wives finding it necessary to work to pay for a home. The date for having children is put off virtually indefinitely. Like in other "advanced" countries the blame is being laid on the government's failure to provide healthcare. The propensity to allocate responsibility on government is a mistake. Unless healthcare is treated as unskilled labor it will remain expensive, Surely any responsible parent would not leave their children in the care of second-class workers? Taking care of young children, particularly b...