South Korea, the country with the world’s lowest birth rate, expects it to fall even further in the next two years while its overall population is expected to plummet to levels not seen since the 1970s.
The new data underscores the demographic timebomb that South Korea and other East Asian nations like Japan and Singapore are facing as their societies rapidly age just a few decades after their dramatic industrialization.
South Korea’s total fertility rate, the number of births from a woman in her lifetime, is now expected to drop from 0.78 in 2022 to 0.65 in 2025, according to the government’s Statistics Korea.
That’s what happens when you make the lives of children a hellish 70-hours a week grind. Who wants to bring somebody into that?
This is the best summary I could come up with:
The new data underscores the demographic timebomb that South Korea and other East Asian nations like Japan and Singapore are facing as their societies rapidly age just a few decades after their dramatic industrialization.
It is expected to gradually come back up to 1.08 in 2072, Statistics Korea said, but that is still far below the 2.1 births per woman needed to maintain a stable population in the absence of immigration.
In comparison, the United States’ fertility rate was expected to be 1.66 births per woman this year, and rise to 1.75 by 2030, according to the Congressional Budget Office, but the US will still see population growth because of immigration.
Many European and other industrialized nations also face aging populations, but the speed and impact of that change is mitigated by immigration.
Countries like South Korea, Japan and China, however, have shied away from mass immigration to solve their working age population issues.
Similar demographic declines are being seen in several other Asian countries including Japan and China, raising concerns there will be too few people of working age to support the ballooning elderly population.
The original article contains 538 words, the summary contains 186 words. Saved 65%. I’m a bot and I’m open source!
The thumbnail picture looks like she’s trying to pop her child on a spike. Maybe if there was less baby spiking, their population wouldn’t be reducing so fast.
That doesn’t sound like a bad thing.
It is a bad thing for that countries economy. Populations where elderly people are disproportionate to younger people require an unusually high number of care takers, and those caretakers are not participating in careers that maintain or increase the countries standard of living. So for instance, there may be fewer people working on maintaining roads and infrastructure, which means the quality of those things will decline. If you apply that thinly across everything except elder care, you get increased scarcity across the board, which generally increases costs while decreasing quality.
Governments might have thought of that when they were spending decades endorsing wealth inequality and subsidizing everything from the top. Why make more people when life’s already not worth living and everything continues to get worse at an accelerating rate?
Politicians aren’t known for their morality and selflessness.
Or especially their ability to think long term.
population decline is better for the environment, but terrible for social services. If it gets to an extreme level, suicide rates of elderly would spike (which in South Korea, is relatively speaking, higher than the rest of the world)
On top of economic concerns there’s also infrastructure concerns. Small towns don’t have metro stations, or massive power grids, or skyscrapers. These things are far too expensive to maintain for how little use a small population would get out of it. So what happens if a metropolitan city suddenly has the population of a small town? All the infrastructure of that city is now way too big and expensive to maintain. The city would need to spend a lot of time and money downgrading their infrastructure. It’s much better for populations to increase or decrease gradually rather than a huge sudden change.
Basically if there are more older people in a society that need assistance and not enough working age people to assist them, it quickly becomes very problematic for the government. They are forced to scramble to do things like incentivise having children as well as attract foreign workers. If you don’t do this, older people will accuse you of abandoning them after they supported the country their whole life by paying taxes and not breaking the law etc. However, on the other hand, doing these things is expensive and can put huge strain on the country’s finances / economy.
It basically becomes a choice between losing votes and support of older generations or putting the country in a huge economic decline.
This is made worse too by the country’s unique culture and language. Something like this isn’t such a big deal in a place like say Canada, where it’s easier to get foreign workers into the country to fix this because they would all most likely speak English. However Korean is not a popular language outside of Korea. Getting in foreign workers as a temporary fix also comes with the challenge of teaching them about the culture, language, customs etc. It’s not as easy.
TLDR: This could cripple a lot of Asian countries if not dealt with.
Lower population isnt but the reasons why the population is declining are.
People are essentially shamed into perpetuating a poisonous work culture that makes people not have the time or resources to support a family even if they wanted to and there seems to be no sign of that changing.
On top of what @friend_of_satan said, countries will not be able to keep up with their current productivity on top of the aged out work-force. This means their GDP will fall severely.
This is a really big deal for most of the world economically and we’ve already passed the point where we could mitigate it.
Removed by mod
This reads like my first troll account
