Trending, N-O-W!!! From the Newspapers, translated…
The British Financial Time reported, that the data collected showed, that South Koreans over sixty who are employed currently had exceeded the number of those in their twenties who are currently working, it’d showed, the crisis of this fourth larges body of economy in the growth in aging population and in economics as well.
With the population aging fast, causing the shortages in available workers, and the burdens of social welfare increasing, the various governments from western Europe to Japan are currently, faced with the challenges, and, this problem is more serious in South Korea compared to any other nations in the world right now, the poverty in the elderly population had caused most who are already retired to take up low paying jobs, to help themselves get by.
The poverty in the elderly years had affected nearly half of the individuals sixty-five and older in South Korea, and there’s an increased number of employees over the age of sixty-five currently working, by 2060, it’s estimated to make up for forty-percent of the entire South Korean population. The statistics publicized by the government showed, with the birthrate hitting its low, the death rate will exceed the birth rate for the very first time in South Korean history.
the labor force growth of those who are still young and able bodied, found online…
The dean of the Sociology Graduate Research Department of Hangyang University in South Korea, Li said, “unless we can change the structures of the society, for instance, fill up more shortages of workers in the jobs, or provide more housing, otherwise, there’s no way we can persuade the younger generations to have more children.”
This trend, naturally, caused a ton of doubts over the South Korean economy. The rate of growth of the younger population economic growth was about three-percent. But in the past seventy years, there’s, this decline in what moved the South Korean economy forward, because of the competitions coming from China, and the automated systems, as well as the development of A.I. threatens the working life of the employees.
The younger generations in South Korea showed a lack of interest in their parents’ blue collar employments. The statistics publicized on March 11th showed that there were four million South Koreans in their twenties, who were “economically active”, those who are hired or are looking for work currently. Comparing, those who are actively working over the age of sixty in South Korea rose up from the 3.9 million people of two years ago to 4.2 million last year.
here’s, a more “complete” look at the trend…graph from online…
The statistics showed, that the ratio of elderly population in South Korea is on a steady rise, just last year, the population of the elderly over age sixty increased by nearly half a million.
All of these data go to show the poverty in old age as well as the cultures of the South Korean enterprises. Although the average of South Koreans ranked close to the top of the world, a lot of the corporations demanded that the workers retired before age sixty, and, this had forced the retired to look for more jobs, and these jobs are normally, undemanding of the technical skills, because the government funded retirement pensions are measly, the president of South Korea already promised to 30,000 won from 20,000 won.
So the problem of the aging population has a fuller effect on this particular country, and the situation faced by South Korea can also be, generalized to the rest of the world’s other countries, and because the population is aging fast, coupled with the declines in birthrate, that is why, this “trend” will make us deep in the waters in debts, and, we won’t have ANY retirement pensions that we’re, currently, paying into right now, and this is all due to the advances in technologies and medicine too!
Life, the Obstacle Course 