The number of young under 15 is witnessing a significant increase in several countries. Regarding the current impact of this trend, it could lead to an increased unemployment rate in a competitive job market and strain on many resources. As for the future effects, there will probably be increased urbanization with a higher level of innovation.
Currently, the number of children aged 15 and younger is increasing at a faster pace than ever before worldwide, a trend that has numerous rather negative effects. As there are many youngsters out there, it results in an extra burden on resources. For example, there is a huge demand for food, housing, education and healthcare. As a result, the government may not be able to maintain such facilities, especially in some areas where there is an ecological crisis. This, in turn, eventually leads to shortages, price increases, and reduced quality of life. Another current impact is the less chance to get a job even with qualifications, meaning a larger youth population causes unemployment rates and a competitive job market, which makes some go abroad in the end. Thus, countries have to boost their economy and develop industrial fields.
Looking at the possible impacts, there will be many changes that we can now see in a couple of developed countries. Put simply, as more people seek employment opportunities, urbanization will likely accelerate, triggering several challenges, such as overcrowding and infrastructure strain. In Uzbekistan, for instance, the share of young people consists of 26% of the overall population. As this rate increases, many houses, lands and cars will continue to be occupied year by year. Moreover, there are other economic prospects for this trend. A large young population can be a source of potential economic growth if they are adequately educated and equipped for the job market, with some wunderkinder and truly talented children winning over many competitions in terms of sports and educational Olympic. Last but not least, another future outcome would be another level of innovation, which means since many children are curious about technology, AI in particular, they can create many unimaginable creations, potentially driving innovation and progress.
To conclude, there is a wide range of diverse effects on the population under 15, with current impacts, including increased unemployment and potential future implications, a higher level of urbanization and innovation, for example.