China’s population is expected to halve by 2100, calling into question the country’s long-term economic expansion in the face of a sharp decline in its arduous workforce. By contrast, the U. S. population and labor force are still in the U. S. The point of immigration to EE. UU. se invests.
China’s population is expected to grow from 1400 million in 2017 to 732 million by 2100, a 48% decline, according to a new report published in the medical journal The Lancet and written by Professor Stein Emil Vollset of the University of Washington School of Medicine. and 23 sponsors. The number of people of working age in China is expected to decline. The report predicts a 64% decline for China’s 20-24 population. This is the golden age of a country’s military, the authors note.
“In gross numbers, China’s arduous workforce has declined over the past decade, but it has more than offset the numbers with higher degrees of education,” said Mark Regets, a hardworking economist and senior fellow at the National Foundation for American Policy. “They can’t keep doing this while their population is cut in half. “
Regets points out that population length is a source of national power, yet it makes a difference whether its population slowly expands or decreases. “A declining population has serious consequences for the average age in society,” Regets said. The duration of the hard labor force will be reduced even more than the duration of the population. “
Much of the Trump administration’s reaction to China is based not only on the length of the country, but also on the Chinese government’s ability to direct investment through trade policy. Economists examining China such “capacity” has damaged the country’s economy.
Economist Nicholas Lardy of The State Strikes Back writes that vital in China’s economic slowdown “is the slowdown in economic reform, reflected in the state’s increasing role in resource allocation and the deterioration of the monetary functionality of state-owned enterprises. “Lardy notes, “Under President Xi’s leadership, state trade policy has increasingly replaced the complex market-oriented economic reform program in the Third Plenum document. “
The Trump administration’s efforts to enforce U. S. trade policyU. S. surveillance during the coronavirus pandemic has so far resulted in scandal and questionable use of taxpayer money. White House adviser Peter Navarro, who has been one of China’s leading critics, has sought to put into effect what some would prefer Chinese-style resource direction during the pandemic.
“On Monday, management terminated a contract Navarro had negotiated directly, for 42,900 Philips ventilators,” according to the Washington Post. A spokesperson for the Department of Health and Human Services said the cancellation “is subject to an internal HHS investigation and legal review. The contract had been criticized by a House oversight subcommittee, which concluded that the government had overpaid $500 million for ventilators. The cancellation came after another transaction championed by Navarro, a government loan to finance Eastman Kodak’s transformation into a drugmaker. , took up his position and was involved in a securities investigation. The oversight committee said it was expanding its investigation to examine all of Navarro’s transactions.
Like China, the United States faces its own problems of aging populations, but immigration can solve many of them if they regain the immigration titles they had before Donald Trump took office. fiscal year 2016 and fiscal year 2021 due to the policies of the Trump administration, according to research conducted through the National Foundation for American Policy. to the administration’s immigration policies, if those policies continue,” the research concludes. “Economic expansion is about improving living standards, which means declining levels of legal immigration have vital consequences for Americans. “
Economists Pia Orrenius and Chloe Smith of the Federal Reserve Bank of Dallas found that without immigration, the U. S. economy would struggle to grow: “The economy grows with the expansion of the labor force and its productivity. With the retirement of baby boomers and an aging general population, immigration will play an even bigger role in expanding the labor force in the long term than in the past. In the absence of compensatory increases in productivity expansion, therefore, the decrease in immigration will translate directly into a decrease in the expansion of gross domestic product.
The Lancet study, which is based on pre-Trump immigration projections for the United States, estimates that the American population will increase from 325 million in 2017 to 336 million in 2100: “In our baseline scenario, despite low-replacement fertility rates, immigration supported the American workforce.
“Liberal immigration policies in the United States have faced a political backlash in recent years, threatening the country’s economic and demographic growth prospects,” according to the authors of the Lancet study. “The optimal strategy for economic growth, fiscal stability and geopolitical security is liberal immigration with effective assimilation into those societies. “
Speaking about economic duration and global political influence and power, the Lancet authors write: “Nations that maintain their working-age populations long-term through migration, such as Canada, Australia, and the United States, would do well. Observers don’t see the irony that the Trump administration’s self-proclaimed “nationalist” immigration policy would seriously weaken America’s long-term and the country’s standing in the world.