The young decline changes markets economically

In the developed countries,the dominant factor in the next society will be something to which most people are only just beginning to pay attention:the rapid growth in the older population and the rapid shrinking of the younger generation. This will certainly influence the employment in economic and ball mill machinery industry. What has not yet sunk in is that a growing number of older people,say those over 50,will not keep on working as traditional full time nine to five employees,but will participate in the labor force in many new and different ways:as temporaries,as part  timers,as consultants,on special assignments and so on.What used to be personnel and are now known as human resources departments still assume that those who work for an organization are full time employees.Employment laws and regulations are based on the same assumption.Within 20 or 25 years,however,perhaps as many as half the people who work for an organization will not be employed by it,certainly not on a full time basis. In every single developed country,but also in China and Brazil,the birth rate is now well below the replacement rate of 2.2 live births per woman of reproductive age.Politically,this means that immigration will become an important and highly divisive issue in all rich countries.It will cut across all traditional political alignments.Economically.the decline in the young population will change markets in fundamental ways.Growth in family formation has been the driving force of all domestic markets in the developed world,but the rate of family formation is certain to fall steadily unless bolstered by large scale immigration of younger people.The homogeneous mass market that emerged in all rich countries after the Second World War has been youth determined from the start.It will now become middle age  determined,or perhaps more likely it will split into two:a middle  age determined mass market and a much smaller youth  determined one.And because the supply of young people will shrink,creating new employment patterns to attract and hold the growing number of older people(especially older educated people)will become increasingly important.As for cone crusher machinery industry, cultivate young technicians is the key to innovation.

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