Job Market Monitor
Population
2050: With fewer people we can’t just get rid of people and hire news ones
Mara Swan shared a map showing the predicted distribution for the estimated world population in 2050. It shows that the population is moving east (which represents a big challenge for values and mind-sets – most of our companies are based on Western and Christian values, yet most of the workforce’s are based on Eastern and … Continue reading
India / A “demographic dividend” ?
ONE of India’s bigger private-sector employers can be found in Patna, the capital of Bihar, a poor, populous state in the east of the country. Narendra Kumar Singh, the boss, has three gold rings on his right hand and arms big enough to crush rocks. His firm, Frontline, has 86,000 people on its books. They … Continue reading
Ontario / People Without Jobs, Jobs Without People
Rick Miner, Ph.D. produced the report People Without Jobs, Jobs Without People in February 2010. Job Market Monitor chooses to present some excerpts given its relevancy in the debate about the extend of the Skills Gap in Canada. -*- While much of the world is understandably focused on the current recession, there is a looming demographic and labour … Continue reading
Spain / Population falls
Spain’s official population fell last year for the first time since records began as immigrants fled a five-year on-and-off recession that has sent unemployment soaring. The number of residents fell by 206,000 to 47.1 million, the National Statistics Institute said on Monday, a figure entirely accounted for by the fall in the number of registered … Continue reading
The Ageing Population: no historical evidence of impact on productivity or creativity
Complaints about the graying of the population sometimes imply an inevitable loss of economic dynamism. But I know of no historical evidence that either the productivity or the creativity of a society is determined by the age structure of its population. The interaction between demographic and economic change is so much more complex than the … Continue reading
China / Working-age population shrank in 2012
China’s working-age population shrank in 2012, marking the beginning of a trend that will accelerate over the next two decades and have profound implications for the world’s second-largest economy. By the end of December China’s population aged between 15 and 59 was 937.27 m, a decrease of 3.45m from 2011, according to figures released by … Continue reading
Singapore | Working age population to contract by over 330,000
“The world’s working-age population will increase by over a billion people over the next 20 years, but all growth will come in developing economies while at the same time the developed world will see its workforce shrink and age. In Singapore, the working age population will fall by 338,000 people by 2030.” writes Chris Mead … Continue reading
The effect of population growth on per capita GDP growth is negative in developing countries | Minh Quang Dao
Based on data from the World Bank and using a sample of forty-three developing economies, the author finds that the growth rate of per capita GDP is linearly dependent upon population growth, both the young and old dependency ratios, the mortality rate. Continue reading
China – A demographic perfect storm is coming
The idea that the so-called “demographic dividend” is coming to an end for China is not a new one. Yet not many people are sufficiently aware of the consequence of ageing (and shrinking) population. Population ageing poses a headwind to asset prices, real estate in particular. Population ageing is somewhat associated with lower inflation (if … Continue reading
China | Demography | Aging : the long-term implications
Canada and Europe are not alone in dealing with important demographic shifts. And worries about increasing recruitment problems, workforce shortages and skills gap are widespread. But there might be more critical situations. For instance, China is just beginning its huge demographic transition. In an article published on brookings.edu, Wan Feng qualifies China as a “demographic overachiever” and analyses … Continue reading
Migration: less New York more New Delhi
Everyone is moving to the city – and, especially, emerging market cities. According to a report by Credit Suisse this week, by 2037 half of the world’s population will live in one emerging market city or another. So where should investors look to first if they want to capitalize on this trend? Apparently the smart … Continue reading
U.S. | Less Than 6 out of 10 in employment, much worse than that of any of the other four recent recessions
The employment-population ratio is another useful measure for evaluating labor market conditions, as it provides a somewhat different perspective than the unemployment rate. The labor force—the denominator used in the calculation of the unemployment rate—may expand or contract in response to changes in the pace of economic activity. In contrast, the civilian noninstitutional population, the … Continue reading
Canadian Census Sheds Light on Immigration Success
The most recent Canadian census, published in May 2011, has revealed new information about emerging population trends throughout the country, and how immigration has responded to and shaped these trends. In the past 5 years Canada has welcomed 1,863,791 new permanent and temporary residents. Between 2006 and 2011, the country saw a 5.6% population increase … Continue reading
Demographic Dividends, Dependencies And Economic Growth In China And India
The world‟s two population giants have undergone significant, and significantly different, demographic transitions since the 1950s. The demographic dividends associated with these transitions during the first three decades of this century are examined using a global economic model that incorporates full demographic behavior and measures of dependency that reflect the actual number of workers to … Continue reading
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