The PBS News Hour showed today a fascinating feature about China which tells us that China is running out of workers.
Their baby boom is about 5 years younger than the massive US bump in the snake and many will be retiring soon, by the end of 2019.
When they do then China will be in dire straits to cover their retirement obligations to seniors.
They will need to import workers and encourage immigration -- virtually unknown in China.
And by then they will be forced to lay off much of their military which they have grown at the expense of the rest of their economy at a staggering rate of 10% per year since the 1990's.
The unprecedented aging crisis that’s about to hit China
Their baby boom is about 5 years younger than the massive US bump in the snake and many will be retiring soon, by the end of 2019.
When they do then China will be in dire straits to cover their retirement obligations to seniors.
They will need to import workers and encourage immigration -- virtually unknown in China.
And by then they will be forced to lay off much of their military which they have grown at the expense of the rest of their economy at a staggering rate of 10% per year since the 1990's.
The unprecedented aging crisis that’s about to hit China
