
post
And yet there is mass unemployment among men in their early 20s? That's not good.
Boomers are an resource drain on all of society. They took absolutely every thing they could and made zero plans for when they aged. In both cases viewing any consequences as someone else's problem.
Worst. Generation. Ever.
The article touches on this but just barely. The demographic time bomb is potentially even worse.
China's ageing population has been driven by a mix of factors, including rapid urbanisation and the effects of the controversial one-child policy, which was in place from 1980 to the end of 2015.
This means that a single adult child would be responsible for supporting 2 aging parents, and a married couple would be supporting 4 aging parents. This also assumes that the grandparents are already passed. If grandparents are still alive it could mean one set of adult children could be responsible for supporting potentially their own parents (4) and their parents parents (8) for a total of 12 adults being supported by 2 adult offspring. On top of that, the adult offspring could be supporting children of their own. This is a significant burden and one only solved by time and greater fertility rate among younger adults. With this burden, that works against an increased fertility rate exacerbating the issue.
1 comment