The Luxury of Longer Life
In the article “Survey on the Economics of Aging: The luxury of longer life”, demographics are presented that show the world population structure is getting more old people than young. The author predicts the old people to be a plurality in most parts of the world in the year 2030: People older than 60 will constitute 30% of the population in OECD countries.
This will have a significant impact on the market. Since the venerable are a plurality, companies will focus their services on them, because the companies need a large base of customers. Because of this, they will also adapt advertisement. Advertisement has today a very large influence on children and teenagers, which results in a raised demand among youngsters.
Because of this risen will to buy, they go greater lengths in order to gain money to fulfill their demands, as seen in teenagers taking jobs during the summer holidays. When advertising is focused on the older part of our population, this mentality might move from the youngsters to the elders, which would greatly affect our society.
Demanding more money, the old will continue working despite their pension. At the same time, teenagers will not leech as much of their parents’ income anymore, since they no longer have such large demands to fulfill. The conclusion we can draw from this is that the older people – who then would be the plurality of the population — will work, while the teenagers — who then would become a minority – not would work as much anymore.
Clearly, society would benefit from such a transformation, since it would result in more workers.
The problem emphasized in the article “Survey on the Economics of Aging: The luxury of longer life” is that governments cannot afford to pay for the venerable. This problem might, though, solve itself. Since more will work, the government’s income will raise because of the taxes. This monetary boost might not be enough to supply the old ones, but this is not a problem.
Elders now survive a long time thanks to their easy-going life-style – no work, only free care, medicinal services and apartments. According to my theory, the old ones will now continue working in order to maintain their needs. This will, in turn, decrease their life span, making teenagers the new plurality. Probably, our society is stuck in an infinite commercial loop of money.Best Casinos 2.872 Online Casino Reviews PayoutsForum Internet Free 2.7949 Casino Online2.4867 story online viagra2.35429 Accredited Distance Schools Compare Online DegreesTid 2 15 Mg Xanax1.6512 100 Tramadol1.89 Accredited Ovline Degrees1.5301 paint Map
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