It is no secret that in developing countries young people make up the lion’s share of the population. While this situation has some drawbacks, I would argue that in the long term it presents far more advantages.
In places where the average age of residents is low, the teenagers and young adults tend to significantly outnumber older people. One of the implications of this could be that the society might face the shortage of skilled and experienced workers, which can slow down country’s economic progress. This means that the vast majority of engineers, lawyers and physicians are recent university graduates with hardly any real experience. We need specialists with deep expertise to build infrastructure, carry out medical research and pursue economic reforms. Facing the deficit of such people, a country has to invite workers from abroad to complete these projects, often to the detriment of their local counterparts who are waiting for the opportunity.
On the other hand, abundance of young people presents numerous economic advantages. Firstly, countries with such population more often than not have high growth rates and low unemployment. The reason for this is that companies have no problem hiring motivated employees to grow their business. Therefore the government benefits from increased economic activity and higher number of taxpayers. Secondly, if we have more workers than retirees, the tax burden for the workforce will be low which in turn facilitates economic prosperity and social security.
To sum up, while higher proportion of young citizens might pose some challenges for the nation, I support the view that its advantages are far more significant.