Thanks to Mark O’Connor for letting me know about this article by Sheila Newman.
Yesterday (4 Feb, 2010) the Australian had Bernard Salt raising the alarm about the dependency ratio (again). But the man is hopelessly misinformed. Elderly people are not the big problem. And children (who are even more dependent and for longer and who outnumber elderly people) are not the problem either.
The sector in Australia that has the most costly dependency ratio must be the property sector, since it costs all Australians an enormous and unreasonable amount just to cover the cost of land for housing, business and agriculture. Most of the very high costs involved are completely unnecessary, except in the eyes of greedy developers and their hangers-on. The only reason that the costs are so high is that the industry wants it that way and our state and federal governments are in cahoots with it.
For full article, visit:
Current World Population
Net Growth During Your Visit