Today’s news covers a growing world-wide concern of a world’s population. Although most of the articles and conversations are about China’s drop in population, the developed democracies are in much the same boat as China. Aging demographics are a seen as a source of national weakness. The industrialized countries are expected to age substantially in the decades ahead. Source of information on this issue can be found at https://ourworldindata.org/ .
If countries are smart, they will replenish their young populations with immigration. Of course, domestic political reluctance can be overcome but it is only a stop-gap measure. Even Africa’s population is falling at an accelerated pace. In 1990 the average African woman was expected to have 6 children. Today that is down to 4 and the drop is accelerating. Source https://noahpinion.substack.com/
Part of the world-wide problem is the acceptance of a retirement age that is no longer workable in a world were people have longer life spans. Retirees use more services than goods and are not adding much economic production to the country. When a country gets older and the current age of retirement stays in place, a shrinking percentage of the workers has to support a growing percentage of retirees. Aging can also lower the rate of entrepreneurship, since old people take fewer risks with less time to take them. What company wants to invest in a country that’s going to have fewer and fewer customers each year?
We can say robots will save us to replace workers. There is a limit on this as they can be an assistant to a worker but not necessarily replace the workers. We just saw 1 1/2 million people retire due to the covid period. In any case research shows that aging presents an economic headwind that needs to be actively fought against. Part of our current shortage of workers is this loss of 1 1/2 million retirees. Some of whom took early retirement.
I have beat this thought to death that we should not plan on retirement but, instead, have different careers that help us age productively and safely. The current age of retirement at 65 should be raised and gradually eliminated. The military is begging for healthy recruits but then keeps the approved age in office of only 20 years when they can retire. This is really absurd. In essence an 18 year old signing up can retire at 38 and the taxpayers pay while the military personnel goes on to another career. With these types of rules, no wonder we are short of healthy recruits. The turnover is atrocious. Raising the retirement period to 25 years of service at least could make a big difference in the short run. Here is another factoid, workers who have older co-workers tend to earn less. There seems to be some evidence that when a company is full of older workers, that company becomes less productive in general. https://www.nber.org/papers/w22452
What can countries do? Besides building more machine (machines don’t replace workers but they do allow one worker to do more than before), have workers retire later. People who were expecting to have nice long retirements need to change their thinking and allow a country to relieve some of the burden on younger workers. Japan is already doing this and has more and more people in their late 60’s and early 70’s remaining in the workforce. Entice the populace to have more children. This is challenging but doable as older workers and robots will not really prevent the drag to the productivity of a country.
How can we age better to live longer and healthier?
Here are a few steps to living past 100 and longer:
Set your age goal to be 120 years.
Talk about it, think about it and share your ideas for what you will be doing during years prior to 120. Set your goal of living to a specific age. Continue to focus this goal until you fix it in your brain cells, until you focus out into life the results you desire. The more you talk about it, think about it, the deeper the impression becomes on your brain so that your physical body will conform to the age image you have selected.
Plan your new career, investment strategies, health changes, lifestyle changes, relationship changes up until 120 years.
Read articles and books on proof of living 120 years. Read about Moses who started the journey out of Israel at age 80. It lasted 40 years. The Book of Genesis also mentions a life expectancy of 120 years.
Consider retirement only after your 100th birthday. Form a group that supports longevity until 120. Share information to enhance your knowledge.
Visualize your body as a lighted candle. It burns brightly until there is no candle left. The light goes out suddenly rather than slowly and painfully. The body was not built for pain. Consider pain and ill health unnatural.
Look after your body so that it will remain healthy, active and supportive of your desire for long life. It is not until you make the decision to live longer that you pay attention to your physical body needs.
The symbol for the law is based on the number 12. Throughout history we have always measured time in divisions of twelve. The sun, which is the center of the solar system, moves in a large circle every 25,000 years and this period of time is divided into 12 equal divisions commonly known as the 12 signs of the zodiac. When you divide 25,000 by 12, you end up with 12 periods of approximately 2100 years or and Age. Each year is divided into 12 months, 12 hours before noon and 12 hours after noon. 12 is the number for measuring time. The ancients used the zodiac as the symbol for measuring time and longevity, whereas modern man tends to use the clock face with its 12 hours as the symbol for living to a great age of 120 years.
Continue to adjust your thinking and lifestyles to a much longer life. Avoid artificial man-made time frames. Eventually they all change. Since we are facing a drop in population and a shortage of workers to take care of the retirees, plan on working longer. The country will eventually have to adjust its thinking as well. Every year, upgrade your skills and learning capability. You will live longer and healthier lives.