Australian (ASX) Stock Market Forum

Ageing population

Exploring the world wide reality of collapsing birth rates.
No surprises here. The birth rate is collpasing everywhere. This essay explores the implications of that reality and how it will/is impact on societies.

Britain is running out of babies​

Paul Morland's No One Left​


 
will happen sooner rather than later in the UK

the UK are running a feverish recruitment campaign for military service AND floating the idea of conscription/national service for both genders

and the reason, so they can GO ( not defend the homeland ) to fight Russia and China ( and leave the rest to freeze/starve at home obeying the zero-carbon agenda )

hard to feel sorry for people that well educated

( three of my grandparents were born in England or Scotland )

but that is their choice , they did have an election recently and selected one side of the Uni-party ( when there were third and fourth (and fifth choices )

cynics call outcomes like that Darwin Awards
 
at present, 2024, some 20 thousand folk in Australia are turning 85 years old

in nine years time, 2033, when peak baby boom kicks in, the number turning 85 will be around 60 thousand .

Being in the cohort aged 85+ is described as "frail elderly ". Is the system set up to look after the numbers?
Screenshot_20241124_151816_Chrome~2.jpg
 
at present, 2024, some 20 thousand folk in Australia are turning 85 years old

in nine years time, 2033, when peak baby boom kicks in, the number turning 85 will be around 60 thousand .

Being in the cohort aged 85+ is described as "frail elderly ". Is the system set up to look after the numbers?
View attachment 188452
That is one of the driving factors our current level of immigration.

Not only do we need to bring in enough workers to replace the baby boomers leaving the workforce, but because those baby boomers are living longer, we also need workers to support those aging boomers, so it’s not about just maintaining the number of workers but growing it.
 
at present, 2024, some 20 thousand folk in Australia are turning 85 years old

in nine years time, 2033, when peak baby boom kicks in, the number turning 85 will be around 60 thousand .

Being in the cohort aged 85+ is described as "frail elderly ". Is the system set up to look after the numbers?
View attachment 188452
i will let you know , if i get there ( in 2040 give or take a month )

by the way , the cautious members should NOT hold their breath waiting
 
at present, 2024, some 20 thousand folk in Australia are turning 85 years old

in nine years time, 2033, when peak baby boom kicks in, the number turning 85 will be around 60 thousand .

Being in the cohort aged 85+ is described as "frail elderly ". Is the system set up to look after the numbers?
View attachment 188452
Easy bring 600,000 new 25y old per year and these elderly frails disappear in the stats.. and you keep kicking the can further till the next election.
Australia: turning edges into problems (coal oil ) and solutions (low and reducing natural populations) into a future nightmare importing Centrelink recipients
 
That is one of the driving factors our current level of immigration.

Not only do we need to bring in enough workers to replace the baby boomers leaving the workforce, but because those baby boomers are living longer, we also need workers to support those aging boomers, so it’s not about just maintaining the number of workers but growing it.
We do not need to do it. There are many other better solutions available then the ponzi solution which is merely kicking the can down the road.
 
We do not need to do it. There are many other better solutions available then the ponzi solution which is merely kicking the can down the road.
Well, to me it seems pretty straightforward that as the boomers retire, and need more and more care, we not only need the same number of workers to do all the jobs the boomers used to do, plus a certain number of carers to care for the aging boomers.

I don’t see how the math works with out increasing the workforce through immigration.

What solution do you suggest.
 
Well, to me it seems pretty straightforward that as the boomers retire, and need more and more care, we not only need the same number of workers to do all the jobs the boomers used to do, plus a certain number of carers to care for the aging boomers.

I don’t see how the math works with out increasing the workforce through immigration.

What solution do you suggest.
that might depend on how many aged migrate .. it was a phenomenon many years back when migrant workers retired back to the homeland ( birthplace ) but i now see hints of Australians ( native-born ) going overseas permanently to retire

( i considered applying for a UK passport/citizenship 1990 , but probably dodged a bullet , by choosing not to )
 
that might depend on how many aged migrate .. it was a phenomenon many years back when migrant workers retired back to the homeland ( birthplace ) but i now see hints of Australians ( native-born ) going overseas permanently to retire

( i considered applying for a UK passport/citizenship 1990 , but probably dodged a bullet , by choosing not to )
Well that’s one solution I guess, I don’t think enough people are actually doing that to make a dent though.
 
Well that’s one solution I guess, I don’t think enough people are actually doing that to make a dent though.
now the ones that i know considering migrating , are retired middle class and going for superior health care options ( so obviously financially secure , but some health issues )

but how many would go , without the need for speedy medical care ,

and how many does it take to put cracks in the system , these are reasonably affluent people so would take a piece of the tax revenue out of the system ( assuming they stop paying tax in Australia )
 
Well that’s one solution I guess, I don’t think enough people are actually doing that to make a dent though.
Outsource retirement to Asia. Australia is bloody terrible at it.

There's plenty of aged care workers from what I've seen. The problem is that the companies like Catholic care are bloody terrible at organising. Their workers barely get 15hours a week. There must be some scam in permanent part time classification, because they are all on it. They over employ people and they all get bare minimum hours.
The actual gems get ground out and the clients suffer for it.

Aged care needs proper structure than the mess it currently is. Full-time positions for workers and not in the bloody office either.
 
That is one of the driving factors our current level of immigration.

Not only do we need to bring in enough workers to replace the baby boomers leaving the workforce, but because those baby boomers are living longer, we also need workers to support those aging boomers, so it’s not about just maintaining the number of workers but growing it.
I agree there's a link between the two, that bringing in more people in response to the aging population is what's occurring, but I'll question what's really going on beneath the surface.

If we turn the clock back a few decades then just about every work task was harder in terms of the human effort and labour hours required. Anything from radio broadcasting to sorting mail to office administration to house framing, it's all become less labour intensive today due to technology, improved work methods and so on. There's probably an exception but I really can't think of one where there hasn't been at least some improvement. Even driving a bus now takes less labour since conductors were done away with many years ago.

At the same time we've abandoned what was a vey substantial chunk of activity, that is manufacturing, and that's now almost all offshore.

Also at the same time pretty much every mechanical and electrical device has seen as huge drop in maintenance requirements. First because it's solid state and simply doesn't require routine maintenance, second because if it breaks then it's replaced rather than repaired.

Add those all up and a huge portion of work that used to be done is either gone completely or is a shadow of what it once was.

Meanwhile there's about 14.5 million people employed and the workforce participation rate has trended up over time, now being about 67% versus 65% a decade ago and about 60% 40 years ago.

So my question is where's all that labour actually going? What work is actually being done?

I don't mean the workers are sitting around playing cards all day but I mean what, exactly, is being done?

Something doesn't seem right there. Either there's a huge output of something that I've failed to notice or a lot of the workers aren't actually producing an end product, whatever, that someone actually wants to buy. :2twocents
 
I agree there's a link between the two, that bringing in more people in response to the aging population is what's occurring, but I'll question what's really going on beneath the surface.

If we turn the clock back a few decades then just about every work task was harder in terms of the human effort and labour hours required. Anything from radio broadcasting to sorting mail to office administration to house framing, it's all become less labour intensive today due to technology, improved work methods and so on. There's probably an exception but I really can't think of one where there hasn't been at least some improvement. Even driving a bus now takes less labour since conductors were done away with many years ago.

At the same time we've abandoned what was a vey substantial chunk of activity, that is manufacturing, and that's now almost all offshore.

Also at the same time pretty much every mechanical and electrical device has seen as huge drop in maintenance requirements. First because it's solid state and simply doesn't require routine maintenance, second because if it breaks then it's replaced rather than repaired.

Add those all up and a huge portion of work that used to be done is either gone completely or is a shadow of what it once was.

Meanwhile there's about 14.5 million people employed and the workforce participation rate has trended up over time, now being about 67% versus 65% a decade ago and about 60% 40 years ago.

So my question is where's all that labour actually going? What work is actually being done?

I don't mean the workers are sitting around playing cards all day but I mean what, exactly, is being done?

Something doesn't seem right there. Either there's a huge output of something that I've failed to notice or a lot of the workers aren't actually producing an end product, whatever, that someone actually wants to buy. :2twocents
Yes, but the amount of goods and services people demand has grown exponentially Eg in the 1970’s houses were very basic, and people ate at home more.

Now, we build houses with all sorts of added features like air conditioning, solar, pools, landscaping etc and want to have coffee shops, take away, food delivery services.

We have people employed in all sorts of industries that didn’t exist like making YouTube videos, the beauty industry, vastly bigger medical industry, home care and many more.

Not to mention the export industries like resources and tourism have grown.
 
Being in the cohort aged 85+ is described as "frail elderly ". Is the system set up to look after the numbers?

The largest group will most likely be female - they win the longevity lotto.

1732565729907.png

 
The largest group will most likely be female - they win the longevity lotto.

View attachment 188478

Could i then claim that women are a burden on society and quality in the "is ASF racist" competition ?
😂
 
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