What does "demographic dividend" mean?

"Demographic Dividend" means that a country's labor force population (15-59 years old) accounts for a large proportion of the total population (more than 50%), the dependent population (under 14 years old, over 60 years old) is relatively low (less than 50%), creating favorable demographic conditions for economic development, and the entire country's economy is in a situation of high savings, high investment and high growth.

Extended information:

Demographic Dividend. p>The role of the demographic dividend:

For quite a long time after the reform and opening up, the demographic dividend brought us cheap labor, as well as the demand for investment and construction. This has led to the rapid development of China's economy and achieved the status of "world factory". However, with the aging of the previous generation and the shortage of new generations, China's demographic dividend gradually disappeared.

The disappearance of the demographic dividend, the first to bear the brunt of the manufacturing industry, the ever-increasing labor shortage, the rounds of rising wages, so that China's manufacturing labor costs continue to rise, the price advantage of China's products is gradually weakened, the world's factory of the title is also slowly lost.

Secondly, the impact of the real estate industry. Due to the decline in population and the decrease in the age of labor, the construction cost is rising at the same time, the demand is also dramatically reduced. These years, in addition to individual cities, China's real estate for several consecutive years of irrational rise has basically stopped, began to enter a relatively rational adjustment. The up and down fluctuation of the house price also signaled the weakness of the rising house price.

In addition, when the labor force, now the elderly, their old age problem has also become a huge burden on our country. So that this generation of young people in the three mountains to bear the enormous pressure brought about at the same time, but also to consider the support of their fathers. This pressure and burden is especially pronounced for college graduates who are struggling in the city, greatly restricting their creativity and spirit of hard work. So much so that some have commented that China's younger generation is running in shackles with the rest of the world's young people.

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