A shortage of women workers in China pushes up wages
Believe it or not, China is facing labour shortages. There is a shortage of women (I wonder why) and wages are rising. The Economist reports in this video.
Bye-bye Baby Boomers
Persons born during the 1946-1964 time span
became known as the “baby boomers” as postwar family formation returned to
normal after the economic depression of the 30s and the belligerencies of the
early 40s. This year the first of the baby boomers turn 64 and the last of them
turn 46. The demographic consequences of this phenomenon are significant. The
older boomers are finishing up their careers, commencing retirement and
experiencing the joys of becoming grandparents. The younger boomers are mostly
married, at the peak of their careers, spending dearly for their children’s
higher education, and the mothers have bid farewell to the possibility of more
Welcome to Demography Is Destiny. We launched this to counter two media memes: that humans are a cancer which is destroying our planet and that world population is spiralling to unsustainable levels. The real story is that intelligent and inventive human will rise to the challenge of climate change and that our real problem is the coming demographic winter. The editor of Demography is Destiny is Marcus Roberts, a New Zealand lawyer. Send him your comments and suggestions.