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VOX: Why China's population is shrinking

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For the first time in six decades, China’s population is shrinking, and it’s predicted it could create a demographic crisis. That’s because China isn’t just shrinking, it’s also aging. And the majority of Chinese couples are not considering having more than one child. Because of this, China is predicted to lose nearly 50 percent of its population by 2100. China’s population decline can be traced back to the restrictive family-planning policies launched in the 1970s and an impressive economic boom fueled by China’s huge labor force. China’s modernization brought rapid urbanization, rising income levels, and better education to large parts of China. Combined, these policies and growth have given China one of the lowest birth rates in the world. Today, China is trying to reverse its population decline. Not just because an aging population is hard to sustain economically, but because China’s impressive economic growth, until now, has relied on its people. As China’s population challenges deepen over time, it might have to rethink how to grow its economy and care for its citizens.
 
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1. High housing prices reducing purchasing power of young people
2. Long work hours and poor adherence to labor law
3. One Child Policy continued for a decade too long
4. High cost of raising a child (education, tutoring etc)
 
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For the first time in six decades, China’s population is shrinking, and it’s predicted it could create a demographic crisis. That’s because China isn’t just shrinking, it’s also aging. And the majority of Chinese couples are not considering having more than one child. Because of this, China is predicted to lose nearly 50 percent of its population by 2100. China’s population decline can be traced back to the restrictive family-planning policies launched in the 1970s and an impressive economic boom fueled by China’s huge labor force. China’s modernization brought rapid urbanization, rising income levels, and better education to large parts of China. Combined, these policies and growth have given China one of the lowest birth rates in the world. Today, China is trying to reverse its population decline. Not just because an aging population is hard to sustain economically, but because China’s impressive economic growth, until now, has relied on its people. As China’s population challenges deepen over time, it might have to rethink how to grow its economy and care for its citizens.
Most powerful contraceptive invented by mankind: female education. Next most powerful: female employment. Put them together: population growth falls off dramatically and economic growth takes off vertically. That is the Chinese miracle.
 
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1.4 billion people shrink a little bit, still 1.4billion people, One fifth of the humanity.what the deal?
 
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Competitive pressure, living cost, low wages due to overpopulation will easy as population declines and there will be an equilibrium point where the population can live in relative comfort and grow their families. One should be far more concerned about the sustainability of the current massive population than population decline.
 
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Meanwhile young Chinese are complaining the fierce competition in labour market.
 
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1.4 billion people shrink a little bit, still 1.4billion people, One fifth of the humanity.what the deal?
What's the deal? 1 young person's taxes supporting 2 elderly's pensions. You don't see a problem with that?
 
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It's not about the size. It's about the age structure.

Competitive pressure, living cost, low wages due to overpopulation will easy as population declines and there will be an equilibrium point where the population can live in relative comfort and grow their families.

More comfortable lives doesn't mean more children. Developed countries have more comfortable lives and yet have lesser children. The average Chinese have much more comfortable lives as compared to 30, 40 years ago, yet TFR keeps dropping.
 
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What's the deal? 1 young person's taxes supporting 2 elderly's pensions. You don't see a problem with that?
That's never going to happen. Even the most pessimistic projection doesn't have China dropping far below 2 workers per pensioner throughout this century.
Meanwhile young Chinese are complaining the fierce competition in labour market.
That and the migration from the countryside that's going to continue for the next 20 years.
More comfortable lives doesn't mean more children. Developed countries have more comfortable lives and yet have lesser children. The average Chinese have much more comfortable lives as compared to 30, 40 years ago, yet TFR keeps dropping.
It's a matter of the right incentive structure, not comfort.
 
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