Europe is getting old

Due to a varity of facts, such as lower fertility a social phenomenon called ‘greying of Europe’ is occurring. This is explained further in the following video: http://www.youtube.com/watch?v=QHCt6PmSs0k

Fact is that the European working age population will not continue growing in the near future, due to the apparent demographic changes. This has drastic effects on the European Labour market. This is especially severe in northern and western Europe.

It can be said that the European working age population will decrease at different speeds and starting from different times, depending on the given region. Even though there will be diverse levels of starting time and size this concerns all the countries within Europe.

In more than 25% of Europe the population within the working age already stopped to grow.

This is a major threat, as it can be predicted that the reserves of labour will be diminished by 50% in the year 2015. Hence, the rates of activity for people in the working age population have to be heightened. This is an extremely complex matter though.

Besides the positive effect of lowered unemployment rates serious issues arose and will continue to grow, unless matters are taken to prevent them.

How can labour shortages be prevented? What needs to be done to increase the activity rates of the working age population? Besides stating that people should have more children, what reasonable solutions are there?

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One thought on “Europe is getting old

  1. Western Europe is facing dramatic challenges in future- especially an aging population causes major problems. Due to the low fertility rates in the industrialized countries the social security systems are at danger. If in future a smaller workforce as to support a growing number of retirement pensioner, like the latest studies show in Germany where it is expected that by 2030 every third person is above 65 years, governments and society in general have to think about suitable solutions for the problem. The obvious question is why are the fertility rates so low? Are children not wanted in the highly mobile and flexible societies? As seen in the blog, if we stick to the common system of social security, where the young financially take care for the old- we have to think about new ways of creating a society where it is easier to bring up children in order to increase the number of young employees.

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