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It is widely thought that countries with a high ratio of
younger generations have more benefits such as a construction of stable welfare
system for elderly people. However, there are also evident pitfalls as well when
too many young people occupy the country. In my opinion, the drawbacks of this phenomenon
are larger than its potential benefits.
First of all, A great portion of active working age citizens
can ensure developing a stable welfare for older adults. In majority of countries,
welfare for elderly are largely dependent on taxes that governments collect
from their people. In other words, more young citizens who are currently working
and paying taxes mean that more taxes can be collected to support the elders.
However, unemployment rate can also increase as the volume
of young people expands. If there were only limited opportunities of jobs, but the
supply of prospected young employees was proportionally larger, naturally the
competition would only grow. Eventually, it can lead to growth of unemployment
rate of young citizens. Historically, it is a well observed fact that the raising
of unemployment could create a cascade of crash in countries’ business and
economy. For instance, the unemployment rate between the age of 25 to 35 is skyrocketing
in many developed countries such as the United States, Japan and South Korea which
was one of the main causes of the demolishment of the economic status of these
countries.
In conclusion, although there are some favorable influences from
having comparatively bigger young people than elderly citizens, the estimated
damages such escalation of unemployment rate of younglings are far more
critical issue than its timid benefits. |