With the advent of technological developments in the field of medicine, life time of individuals have extended in many countries. As a result, the older population of some countries have become a larger part of the population. Some people opine that a mainly older population may bring along negative drawbacks, such as pressure on the healthy system and education system, in time, while other believe that the advantages, such as more dynamic work force, and more innovative and creative generation, outweigh the disadvantages. This essay will examine both the advantages and the disadvantages of this situation and explain why the pros outweigh the cons.
On the positive side, having a largely younger population has a great number of benefits for a country. One of the foremost merits is that younger generation form from working-age individuals, which support the growing of the country’s economy. This situation gives an advantages in some sector that need to become productive, particularly technology, industrial and service sector. Another outstanding benefit is that younger individuals generally have a tendency to become more creative and have an adaptation to new technologies, which means that this situation helps the country to discover innovative techniques, such as increasing the number of start-ups presents benefits digitalization processes. Moreover, younger people usually have a tendency to consume more, which cause economic mobility to increase. This situation plays a significant role in conserving the balance between production and consumption.
On the negative side, having a mainly the younger population brings along some serious drawbacks. One of the most eye-catching problems is that it may occur a strong pressure on education institutions if these institutions do not have a proper and well-developed infrastructure. For example, the lack of personal in these establishments may result in a decreasing in individual guidance service for students. Another significant downside is that younger population may be forced to immigrate to other countries because of the unemployment or economic difficulties, which is the great loss and can be serious risk for the future of that country.
To sum up, in my opinion, for these reasons mentioned above, I firmly believe that the advantages outweigh the disadvantages since if a developing country do not meet the demand for work force, it will not stay one step ahead of other rivals any time. Because of this reality, having a largely youth work force is considered an invaluable fortune for all countries.