President Park Prioritizing Raising the Korean Birthrate

So if South Korea does increase their birthrate then where are all these people going to go in such a small country?

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President Park Geun-hye called Friday for measures to address South Korea’s low birthrate and aging population, which experts say could undermine the vitality of Asia’s fourth-largest economy.

South Korea’s birthrate stood at 1.19 in 2013, the lowest among the Organization for Economic Cooperation and Development, a group of 34 mostly rich nations.

South Korea has tried in vain to boost a falling birthrate as the rising cost of raising a child and job shortages have discouraged women from having more children.

Park said the next five year is the golden time in handling the country’s population crisis marked by the low birthrate and rapidly aging population.

“We can transform a crisis into an opportunity and create a sustainable growth engine only when we properly cope with” the population crisis, Park said in a meeting meant to address both issues at the presidential office.

By 2018, South Korea is expected to become an “aged society,” in which 14 percent of the population is 65 or older.  [Yonhap]

You can read the rest at the link, but basically the problem becomes that there are less workers supporting a large number of aged people.  So it sounds like the government is admitting to a ponzi scheme that is unsupportable without more people signing up for it.

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BenjoDitch
BenjoDitch
9 years ago

Where can I personally volunteer to deliver a sperm donation directly?

guitard
guitard
9 years ago

“So if South Korea does increase their birthrate then where are all these people going to go in such a small country?”

There is plenty of room out in the countryside. Where the air is a lot cleaner, property prices are only a small fraction of what you pay in the city, no traffic congestion, people are much friendlier, etc., etc. However, the vast majority still aspire to live in an urban area.

ChickenHead
ChickenHead
9 years ago

“Where can I personally volunteer to deliver a sperm donation directly?”

Tbone isn’t eating well these days. Carry-out or eat-in is up to you.

Anyway, it isn’t so much about land to put people as it is about where their waste will go, where their food will come from, what will power their houses, how their cars will run, what kind of job they will have, etc.

Japan is addressing this problem (perhaps correctly) with more robots… which will relieve the labor shortage.

In reality, we are at the beginning of a massive robot revolution in everything from fast food service to construction and farming.

Japan will not need so many young workers. Korea should follow this idea. America is going to wake up one day with robots picking cabbage and a generation of jobless illegals with their hands out demanding their “rights”.

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