31 Jan '13, 5am

Population White Paper should be about children, not about GDP #singapore

Population White Paper should be about children, not about GDP #singapore

Because our total fertility rate has been below replacement level for the past 30 years, the numbers in the younger generation are fewer than in the older generation. Thus, between now and 2030, about 900,000 older citizens will be expected to leave the working age range (roughly age 25 to 65), but a smaller number of younger ones will be entering it. For some strange reason, the White Paper does not provide any figure with respect to the deficit, but from looking at the diagram provided, my rough guess is that about 700,000 to 800,000 younger citizens will enter the working age range in the same period. This implies that the citizen workforce will shrink by about 100,000 to 200,000 by 2030 — one must also make allowance for people who are in the working age range, but choose not to be in the workforce.

Full article: http://yawningbread.wordpress.com/2013/01/31/population-w...

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