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Write a 1 page essay on . MKT 586.The increase in percentage of elderly means an increase in healthcare and pension costs against a backdrop of a dwindling work force resulting in tax burdens on futur
Write a 1 page essay on . MKT 586.
The increase in percentage of elderly means an increase in healthcare and pension costs against a backdrop of a dwindling work force resulting in tax burdens on future workers. It is also expected that a larger percent of the over 65 will remain in the labor force as well as forcing the government to change existing laws to allow mass migration to balance the worker-retiree ration.
On the other hand, developing nations with an increasing number of young people will have an increase in the costs of healthcare and education. The rural-urban migration, especially if unplanned will put pressure on the already limited public amenities and social services. Unemployment rate will increase as the work force will be higher than job creation, leading to high levels of crime.
Inevitably, these countries will experience similar problems. slower economic growth, financial problems for senior retirement programs, deterioration of public and social services and ultimately social unrest. These will have a negative effect on world business and world economic
