This is a country with a massive problem. There is an ageing population, an issue compounded by a birth rate below the level of sustainability. Who will create the wealth, do the jobs, care for the elderly, perpetuate the nationality?
A further complication is the level of emigration; young people are leaving for a better balance in life and more fulfilling careers. The projected birth rate in 2024 is 0.68 children per woman. What does equate to?
- Start with 100 people, which relates to 50 couples. At a fertility rate of 0.68 there will be 34 children born.
- 34 children equates to 17 couples.
- Therefore, the number of grandchildren for the original 100 people is 12 (6 couples).
- 100 people (50 couples) have 75 children.
- Those 12 grandchildren will produce just 4 great-grandchildren.
This is, of course, unsustainable, and must lead to a breakdown in society as it is known. In the UK the rate is around 1.54.
Using the same logic:
- 100 people (50 couples) have 75 children.
- 38 couples from the children will have 26 grandchildren.
- The 13 couples from grandchildren will produce 10 great-grandchildren.
Not as profound as South Korea but not far off.
How will we address this?
Rob Ball
Connections:
07850 954075
rob.ball@workhorizons.com
rob.ball@naturallyconcerned.com
Websites:
Work Horizons – Organisational renewal through engaged, productive people
Naturally Concerned – Developing better business leaders
www.framingourfuture.com
Books:
Beating the Wisdom of Hindsight: 75 Ways to Pursue Fulfilment and Avoid Regrets eBook : Ball, Rob: Amazon.co.uk
https://www.amazon.co.uk/Time-Sponges-Overcoming-behaviours-absorb/ Online Programs:
Empower Change by Learning to Live Well (indegu.co.uk)
Expanding Your Work Horizons (indegu.co.uk)
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