{"id":94377,"date":"2009-12-22T14:55:00","date_gmt":"2009-12-22T19:55:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/china-faces-a-worker-shortage-in-2010-2009-12"},"modified":"2009-12-22T14:55:00","modified_gmt":"2009-12-22T19:55:00","slug":"chinas-multi-decade-worker-shortage-starts-next-year","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/94377","title":{"rendered":"China&#8217;s Multi-Decade Worker Shortage Starts Next Year"},"content":{"rendered":"<p><div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Due to China&#8217;s one-child policy, the country faces a demographic disaster a few decades out whereby there will be far too many depedents supported by a far smaller base of working age people. This is relatively well known.<\/p>\n<p>Yet interestingly, this demographic disaster starts to unfold next year.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.economist.com\/daily\/chartgallery\/displaystory.cfm?story_id=15099009&amp;fsrc=rss\">The Economist:<\/a> SINCE the 1970s China&rsquo;s birth rate has plummeted while the number of elderly people has risen only gradually. As a result its &ldquo;dependency ratio&rdquo;&mdash;the proportion of dependents to people at work&mdash;is low. This has helped to fuel China&rsquo;s prodigious growth. But this &ldquo;demographic dividend&rdquo; will peak in 2010.<\/p>\n<p>The evolution of China&#8217;s elderly and child population is shown below in an <a href=\"http:\/\/www.economist.com\/daily\/chartgallery\/displaystory.cfm?story_id=15099009&amp;fsrc=rss\">Economist graphic<\/a>.<\/p>\n<p>It shows that from 1975 &#8211; 2010, China&#8217;s one child policy helped create an economically-beneficial situation whereby the proportion of dependents in the population fell over time. Thus the country had increasingly more workers (producing economic output) per dependent (consuming output).<\/p>\n<p>However, 2010 and onwards is when it&#8217;s time to pay the piper. The proportion of elderly dependents will enter a multi-decade growth phase, whereby there will be increasing numbers of non-working dependents for each working-age person to support. Thus what was once a substantial tailwind reverses into a GDP-grinding headwind, starting next year.<\/p>\n<p><a href=\"http:\/\/www.economist.com\/daily\/chartgallery\/displaystory.cfm?story_id=15099009&amp;fsrc=rss\"><em>Chart via The Economist<\/em><\/a><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b31212b0000000000741f8e&amp;maxX=550\" border=\"0\" alt=\"CA\" width=\"550\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/china-faces-a-worker-shortage-in-2010-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/iraq-doubling-its-oil-supply-to-china-2009-12\">Iraq Doubling Its Oil Supply To China <\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/ceo-of-goldman-sachs-owned-molycorp-is-psyched-about-treasurys-protectionist-attitude-towards-china-and-gold-mining-2009-12\">CEO Of Goldman Sachs-Owned Molycorp Is Psyched About Treasury&#8217;s Protectionist Attitude Towards China And Gold Mining<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/bank-of-china-official-the-world-is-running-out-of-money-to-buy-us-debt-2009-12\">Bank Of China Official: The World Is Running Out Of Money To Buy US Debt<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/Oyn_k0urcqQ\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due to China&#8217;s one-child policy, the country faces a demographic disaster a few decades out whereby there will be far too many depedents supported by a far smaller base of working age people. This is relatively well known. Yet interestingly, this demographic disaster starts to unfold next year. The Economist: SINCE the 1970s China&rsquo;s birth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-94377","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/94377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=94377"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/94377\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=94377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=94377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=94377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}