Saturday, July 01, 2006

As China Ages, a Shortage of Cheap Labor Looms - New York Times

As China Ages, a Shortage of Cheap Labor Looms - New York Times:

"SHANGHAI, June 29 — Shanghai is rightfully known as a fast-moving, hypermodern city — full of youth and vigor. But that obscures a less well-known fact: Shanghai has the oldest population in China, and it is getting older in a hurry.

[...]

"More births would only change the structure of the population and prolong the aging process" of the society as a whole, said Ren Yuan, a professor at the Population Research Center of Fudan University in Shanghai. "But it has nothing to do with the number of old people. The scale of this large group has already become a reality. The beds you've got to add in nursing homes, the labor you need to take care of the old, is a reality than can't be changed." "