As the ageing population continues to grow, the dependency ratio will continue to rise and there the ratio of workers to dependents in unbalanced. There are less people to support those that are dependent both financially, through taxes perhaps, and socially. To combat this, Governments could increase taxes so that there was more funding to support the elderly, as in pay for their residential and medical care, but this would cause disputes among taxpayers. An alternative to this would be to revoke pension and service rights or by introducing a cost, which would exclude elderly people that belonged to the proletariat. Marxist would suggest that introducing a higher tax or introducing costs for welfare support would be society’s way of extending the oppression of the proletariat, keeping them poor and preventing revolution to form a communist
The problem is that there are less working class then there is the elderly population. To be clear, this means there are less able-bodied working people than there are elderly people in retirement. Majority of the elderly depend on medicare. Because the elderly population is increasing, this will lead to increased health care costs. This is added to costs for advanced health care.
However, pensioners will be hit hard because the extra income they earn from saving will have dramatically reduced, making them worse off. On the other hand, savers may leave the pound for better interest rates in other countries (hot money), causing a fall in the demand for the pound. As a result the value of the pound will fall, making exports cheaper and there will be an injection of net exports. In conclusion, the impact of loose monetary policy will be beneficial to the economy because extra consumption and investment will cause AD to increase which will increase economic growth. However, it takes a long time for changes in interest rates to feed through to consumption and investment and by then the economy may have gotten worse.
However, the company was not able to sustain the growth in sales between years 7 and 8, which resulted in a decrease in net sales of -15% or $897,000. The company’s loss in net sales in year 8 is a weakness due to overall sales being down. Cost of goods sold (COGS) between years 6 and 7 show an increase of 31.8% or $1,048M. The increase in COGS corresponds closely with the increase in net sales for the same time period, which illustrates the company’s ability to effectively control its inventory levels and material costs. For years 7 and 8, the cost of goods sold decreased by -14.5% or $630,400, which again corresponds to the change in net sales for the same period.
A straight line is produced from the data when plotted on a graph. This can be described by the mathematical equation y=2x. Y represents the population size, x represents time 2 in the number of individuals added during each time interval from the equation y=mx+b, data for any linear population growth can be described. Y represents the population size, x represents time, m represents the number of individuals added during each time interval and b represents the initial population.\ The number of individuals joined to the population increases at each time interval when a population exhibits exponential growth. 1,2,4,6,8,16,32,64,128.... is a pattern that a data set for a population that is growing exponentially.
It is apparent that there are a number of causes and changes that have affected the population in the UK such as the varying birth, death and fertility rates, the increase of migration and the higher life expectancy rates. These causes and/or changes have directly and indirectly influenced the way we live in the UK and has resulted in various types of people living here (family diversity) than in the past. Evidently, our population continues to grow and this is because of a number of reasons. Until the 1950’s and 1960’s natural changes such as the increase in births than deaths was the main reason for the increase in the UK population. The number of live births per year increased due to several factors such as children were used to work on farms (source of income) and in those days there was no reliable contraception and little education.
Title of Paper: Check Point: Population Size Student Name: Daniel Gurley Course/Number: SCI/275 ENVIRONMENTAL SCIENCE Due Date (MM/DD/YYYY): 06/08/2012 Instructor Name: Steve Renner The four factors that directly affect population size are birth rate, death rate, immigration, and emigration. The higher the birth rates of a species, the more likely the growth of the population, all else being equal. When talking about death rate, the fewer deaths within a population, the longer and more stable the population is likely to be. Immigration is the influx of members from surrounding areas. This is viewed as a growth in one area, but is really only a tradeoff for the entire species.
Checkpoint – Population Size There are four major factors that produce changes in population. These major factors are: the rate of reproduction, the rate of death, immigration, and emigration. If the reproduction rate is higher than the death rate, than the population will dramatically increase. If the death rate is higher than the birth rate, the population will then decrease. Immigration and Emigration have an effect on population as well.
The status and role of the elderly in the future will increase because the birthrate has dropped to an all-time low. b. There will be an elderly revolution, termed the “silver-haired rebellion,” which will place much of the lost power and status back into the hands of the older segment of society. c. As the rate of technological change accelerates, knowledge quickly becomes obsolete, and this decreases the status and role of the elderly (they are no longer the storage houses of technological knowledge; libraries and databanks have taken over this role). d. In the future, there will be a major reorganization of kinship and the family, which will restore power to the elderly.
If we do nothing to the current configuration of our Social Security program, projections are showing that by the year 2035, the Trust Fund will only adequately support 75% of beneficiaries. (Goss, 2010) This is in large part due to the current generation of baby boomers who are living longer, more healthful and active lives. When they start collecting Social Security benefits, they will collect for more years than previous generations. Although Social Security benefits account for approximately 40% of prior earnings for an individual who has worked, this would be a substantial amount of earnings to lose. For the economy, the challenge is to generate growth and financial resources needed to meet age-related spending needs.