{"id":46938,"date":"2019-06-27T06:46:14","date_gmt":"2019-06-27T11:46:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=46938"},"modified":"2019-06-27T06:46:14","modified_gmt":"2019-06-27T11:46:14","slug":"demographic-doom-germany-italy-korea-japan-face-workforce-collapse-by-2050","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=46938","title":{"rendered":"Demographic Doom? Germany, Italy, Korea, & Japan Face Workforce Collapse By 2050"},"content":{"rendered":"\n

Demographic Doom? Germany, Italy, Korea, & Japan Face Workforce Collapse By 2050<\/a><\/h3>\n\n\n\n

Forget the trade war, debt, deflation, automation, and artificial intelligence: one of the most significant threats to the global economy and the future of the world as we know it is demographics.<\/em><\/strong><\/p>\n\n\n\n

A new OECD report, published by International Business Times<\/a>, said Korea, Japan, Germany, and Italy could see their working-age populations decline to dangerously low levels by 2050.<\/p>\n\n\n\n

The report took each OECD country’s population between the ages of 20 and 64 in the year 2000 as a base and was able to project the 2050 population. What they discovered was the working class population by 2050 would be 80% of its base year in Korea and Italy. In Japan, the workforce population would be much worse, approximately 60% of its original size.<\/p>\n\n\n\n

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For the OECD as a whole, there are about 34 countries from around the world, the size of the working age population is expected to increase by 111% of its original size by 2050. Much of the growth will be driven by stable birth rates and growing populations, like Australia and Turkey.<\/p>\n\n\n\n

The OECD noted that Japan’s working-age population has been in collapse for nearly three decades. Korea’s working-age population was expanding until just recently but is expected to begin contracting this year.<\/p>\n\n\n\n

For countries experiencing a decline in the working-age population, there will be widespread consequences across all aspects of the global economy<\/strong>: as households shrink, so does discretionary spending, and ultimately will impact living space. In developed markets, large cities will see increased pressure on real estate and rent prices for apartments.<\/p>\n\n\n\n

In a separate report, we\u00a0showed<\/a>\u00a0how countries around the world are set to experience a decline in the number of children per household in the 2000 – 2030 period. More specifically, looking from 2015 out to 2030, Euromonitor expects developed markets to have a ~20% decline in the number of children per household and developing markets a ~15% decline.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Demographic Doom? Germany, Italy, Korea, & Japan Face Workforce Collapse By 2050 Forget the trade war, debt, deflation, automation, and artificial intelligence: one of the most significant threats to the global economy and the future of the world as we know it is demographics. A new OECD report, published by International Business Times, said Korea, Japan, Germany, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,7],"tags":[14990,2164,1160,18131,26158,4318],"class_list":["post-46938","post","type-post","status-publish","format-standard","hentry","category-economics","category-survival-2","tag-demography","tag-oecd","tag-population-growth","tag-workforce","tag-working-age-population","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46938"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46938\/revisions"}],"predecessor-version":[{"id":46939,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46938\/revisions\/46939"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}