December 18, 2007

THE INCREDIBLE SHRINKING MIDGET:

Nation faces challenges of graying population (Wu Jiao, 12/18/07, China Daily)

The country faces unprecedented challenges in economic and social spheres as a result of a fast expanding aging population, top officials warned Monday.

With two working people for every retiree between 2030 and 2050, the country is expected to see the end of a decades-long advantage it enjoyed with a low-cost labor market.

Currently, the ratio is 6:1, according to figures from the China National Committee on Aging (CNCA).

"We might encounter the heaviest burden especially after 2030, when the demographic dividend is set to end," said Yan Qingchun, deputy director of the office of the CNCA.


And whereas Europe, Japan, etc. are going to decline from pretty high levels of wealth per capita, China will be declining from an astonishingly low one.

Posted by Orrin Judd at December 18, 2007 7:25 AM
Comments

All they will need to do is euthanize some of the retirees. That will get the ratio right back to where they need it.

Posted by: Mikey [TypeKey Profile Page] at December 18, 2007 11:16 AM
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