Old age is the next global economic threat

: Population ageing. As the human race transitions from a burgeoning, exploding species to a static or shrinking one, economies around the world will come under significant strain.

But pronounced ageing like Japan's does come at an economic cost. Every year, a dwindling pool of working-age Japanese people is forced to support an expanding pool of gray-haired consumers. This is why Japan's living standards are falling behind rich countries with growing populations.In concrete terms, this means more adults forced into spending hours doing elderly care, more taxes to pay for pensions and health care, and lower living standards for the elderly.

In the early 2010s after Prime Minister Shinzo Abe took office, the Bank of Japan made a heroic attempt to escape deflation, buying up assets at a prodigious, unprecedented pace. And for a while it seemed to work, with inflation rising almost to the 2 per cent target rate. But it soon fell down to near zero again.Some macroeconomists believe that persistent deflation threatens economic growth.

Countries can, and do, try to compensate for population ageing. Old people work longer , and more parents go to work instead of staying home with the kids. Countries also invest in automation; it's no accident that Japan has pushed hard to be a leader in the field of robotics. But unless robots get much better, there's probably a limit to how much these measures can fight the greying tide.

Source: Energy Industry News (energyindustrynews.net)

No. far to many countries pushing euthanasia without realising that it will move from the dying.. to in pain. to not want to be here... to we dont want the burden of you anymore. Netherlands is now bringing it in for dying children. it is a form of eugenics and population control

What an insulating article for the millions of older Australian workers who can't get jobs because of age discrimination. Who writes this offal.?

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Five-year-old punched by stranger in random Sydney attackA five-year-old boy has been randomly punched in the face by a stranger in a shocking daylight attack. 9News Oh dark skinned lol better protect those dark skinned people as black lives matter haha Wtf is wrong with people Our country never ever has been like this. What changed?
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Sydney man charged with random punching attacks on young woman, five-year-oldA 40-year-old man has been refused bail after two alleged unprovoked punching attacks on a woman and five-year-old child in inner-Sydney. Pig. Tell me, what would it take for it to have been provoked? Very glad this coward was caught especially after punching a five year old child. Hopefully sent to jail where he can receive same treatment from other inmates. Speaking fm experience until they receive a good beating they continue to beat women and children.
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Aged care inquiry lawyers call for staff ratios and tougher laws, enforcementLawyers assisting the aged care royal commission have recommended mandated staffing ratios in residential aged care, including the compulsory registration of aged care workers, and a new Aged Care Act that would protect the rights of older people | Amazing news.... Good. The deskilling of staff. Poor staff skill mixes. Deliberately renaming staff types to remove the word “nurse” and therefore registration and AHPRA oversight. All these things have reduced the quality of the care in the Aged Care sector. Diabolical consequences. Imagine if the rights of all citizens were protected by statute. No need for special laws to protect individual groups within the population, and a basis for ensuring nobody is systemically left behind.
Source: smh - 🏆 6. / 80 Read more »

Queensland LNP leader to impose 8pm curfew for some teenagersDeb Frecklington says the party would impose an 8.00pm curfew for kids aged under 14 and a 10.00pm curfew for youths aged between 15 to 17 in Townsville and Cairns. QLDvotes 9News DictatorDeb NotALeaderJustALiberal Locking down people that are not at risk....what a genious Ridiculous! Punishinh all youths instead of punishing those responsible. Big fail!
Source: 9NewsAUS - 🏆 10. / 72 Read more »

50 sexual assaults a week of aged care residents across the country, royal commission toldThe Royal Commission into Aged Care hears there are an estimated 50 sexual assaults a week in aged care facilities across the country. Dreadful. What’s our sensitive PM ScottMorrisonMP and his henchman richardmcolbeck planning to do in response to this? Same as Aged Care Covid plan following NewMarch? Nothing? (Or is it 1. Dan’s fault 2. Not a priority cos he’s building a cubby & going to the football?) Asher_Wolf Freaking pervert people Wonder how many cases go unreported. Such sad state of affairs! 👎🏽
Source: abcnews - 🏆 5. / 83 Read more »

Rain to come as cold front 'pulls cord' on unusually dry OctoberRain to come as cold front 'pulls cord' on unusually dry October | marywardy marywardy But Greta said global warming. What happened. marywardy Catastrophic? marywardy For Millenia the Indian Ocean Dipole and ENSO have been effecting what is happening with climate in Australia just as the Sun does. Now with a Negative IOD and La Nina kicking in will bring some much needed rain to the Country
Source: smh - 🏆 6. / 80 Read more »