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Aging population is good or bad for society (Let task 2) [4]
less children than elderly people
PEOPLE HAVE FEWER CHILDREN, MANY SOCIETIES HAVE A POPULATION WITH MORE OLD THAN YOUNG.
DO YOU THINK IT IS GOOD OR BAD FOR SOCIETIES.
Nowadays, the more society develops, the busier people are. Therefore, people do not have much more time to take care of themselves and their families. As a result , they have fewer kids and many societies face a population with less young than old. From my perspective, the phenomenon is bad for societies because it make bad effects for labour markets and governments will spend much more money for welfare. Also, economy will develop more slowly.
First of all, having fewer children and aging population are bad for societies because they make negative effects for labour markets. That is, the number of workers will reduce in the future. For example, a country has much less junior workers to senior workers will face lack of employees when their senior workers retire. As people understand, younger people are active and have many new ideas, so if companies do not have enough younger employees, they will loss many active ideas. If the number of kids is equal to the number of seniors, countries will have enough workers and many innovative ideas. There in, the government should encourage people to have enough children.
Secondly, welfare for the elderly is a negative effect that many societies having a population with less young than old face. In other word, when a population has too much older people, the government have to pay much more money for welfare. Also, citizens have to pay more money for tax and health care of their older relatives. If it is a balance between the younger and the elderly, each person will spend less money on tax and health care for the elderly.
Last but not least, there are no doubt that aging population and having fewer children make economic development slow down.In fact, today, many countries need to hire international workers to ensure the number of workers. Consequently, the domestic income will reduce. If these countries do not have to employ international workers , the countries' income will not decrease. Therefore, their economy can develop faster.
To sum up, aging population and having fewer children make countries face the lack of workers and the increase of welfare. Also, economy will develop less. Therefore, the phenomenon brings some drawbacks for societies.