Case Study: The Baby Boomer

1.) What difficulties—from retiring baby boomers in the United States to a graying China, to the massive overhang of Europe’s elderly—can private corporations, governments, and other sectors expect as the aging revolution unfolds across the globe? How will changing demographics affect workforce composition? Retirement age? Pension outlays? Taxation? Immigration? Economic growth? How can governments, corporations, and nongovernmental organizations work together to address these issues?

Relevance to Audience: I’m sure everyone in this room has consumed a dairy product whether it be an ice cold glass of milk with cookies, or a nice piece of cheese on a big juicy burger.

Throughout history, the Chinese have eagerly adopted new foods and ingredients. The target market of Yogen Fruz has tendency to purchase the latest trends in whatever is tasty and nutritious. In the past, one of the few foods that has not impressed the Chinese diet is dairy products. Currently, however, many dairy products are gaining in popularity amongst the Chinese population. Things like yogurt, various forms of milk, and especially ice cream are now common products. A lot of these dairy products are imported from foreign countries, such as America, Singapore, and New Zealand.

During the “Baby Boomer” era, following WWII, America underwent one of the largest demographic shifts and population growths in history. Huge amounts of home construction on the outskirts of America’s largest cities, known as “levittowns” became the new staple of the American dream, with the houses sporting two car garages, and white picket fences. These low density, predominantly middle class residential districts, were America’s first true suburbs. These suburbs were constructed mainly in response to the new postwar consumerism that enveloped the parents of the baby boomers. With the new economy, affordable housing, and most families becoming single income dependent, families grew bigger and bigger. The 1947 passing of the bill that lead to the interstate highway system, only added fuel to the fire of suburbanization. With the new interstate highway system, more affordable and fuel efficient automobiles, and the government aiding in the financing of new suburban homes, the choice seemed elementary. All of these factors pushing to the suburban movement, only spurred the baby boomers on, and between 1940-50, there was an 835% percent increase in living births with nearly 4 million children being born every year. In 1940, 19.5% of the United States population lived in what would be considered to be suburban areas outside of large metropolitan areas, however, by 1960; the number was pushing nearly 40%. The postwar suburbanization of America during the baby boomer

Before we can get into the juicy information pertaining to the fascinating period of Baby Boomers, we must first take a quick glance at what was happening before this occurred.The main event that came to a conclusion that had a significance to the world and is a recent and relevant topic to the Baby Boomer period was the end of World War II.World War II had been going on since 1939 when the Nazi army and the Soviet Union united invaded Poland, resulting in the British and French declaring war on Germany.The allies allow Hitler to commit illegal actions without deciding to go after him(they just sat and watch him invade and grow as the years went by).It seems over for the Allies until the Japanese decided to obliterate Pearl Harbor December

The basic thesis of the article is that the retirement of high-earnings baby-boomers is an explanation for weak wage growth. The background the author is responding to is that payrolls are still growing comfortably faster than the working-age population. He wrote the article in response to another writer, Scott Sumner, who had taken issue with the premise of an original piece written by him. The controversy is that the Federal Reserve is keeping unemployment below its natural rate which will result in a rise in inflation while wage growth remains muted. One of the economic concepts that I see employed in this article is equity, the fair distribution of economic benefits.

Foods such as cheese included in the product will have to be chosen offering longer shelf lives;

During the Great Depression and World War II many Americans delayed marrying and having children because of the poor economy. The number of marriages and births soared after the war. Many older couples who had delayed having children began having them when the war ended. This increase in births among both younger and older American couples created the Baby Boom Generation. This large group of people born in the U.S. from 1946 to 1964 amounted to 76 million children. Those born during this time make up approximately 36% of today’s population (Deutsch). What impact has this had on the economy? Read on to see how the baby boom generation has affected the economy and what will happen as they retire.

This week’s article was about whether baby boomers retiring has effected wage growth or not. Basically, work and wage is about seniority and however long people have been with the company the more they are payed. With that it is proposed that with a multitude of those baby boomers retiring that the average wage that people are payed will go down. The only thing that would prevent wages from going down would be if there is someone ready to immediately replace the position; however, they are not being replaced at high employment rate, but rather lower wage earning people that are younger in age. The good news is that those who have continued to work have not lost any growth in wages, but have stayed consistent. So, the main problem with wages

Also taking note is the major packaged food companies such as Campbell’s, Frito-Lay and Nestle. In their attempts to improve flavor and reduce sodium, fat, and sugar, they have begun ramping up umami flavoring. Consumers are also more label conscious and prefer to see natural umami ingredients listed compared to long chemical type additives, which is helping to fuel these changes. Frito-Lay has recently begun researching the use of umami ingredients from both Asian and Latin countries – such as fermented soybean products, anchovy powder and cheese powder. Another company related to the dairy industry has funded research related to what causes Swiss and cheddar cheeses to have umami characteristics. All of these companies hope to make umami flavors more quickly and consistently in both current and future

For the baby boomer males of Hawkesbury and in this case Phil, the subject’s total accumulated superannuation fund after deflation would amount to $187,120.09. However, 3 years after Phil’s retirement his superannuation would’ve ran out and he will be faced with relying on the pension for 17 years until his death.

“To bring smiles to families everywhere through the pleasure if its products made with dairy

Amul brands and markets itself as the largest vegetarian cheese producer in the world since all its cheese varieties are made from microbial rather than animal rennet. This immediately makes the brand's' cheese products favourable in a country with the most vegetarians in the world. Also, it sources its cheese form buffalo milk, which is popular in India.

Most of the cheeses produced across the globe were and are still manufactured traditionally through enzymatic coagulant removed from the abomasa of milk-fed calves (Sousa, Ardo & McSweeney, 2001). The extracted enzymatic coagulant is commonly known as calf rennet, which is a term used to explain any enzyme used to coagulate or curdle milk and contains two enzymes ("Cheese", n.d.). The two proteolytic

Dairy manufacturers have to obey certain rules and regulations decided by these organisations in respective countries in various aspects like they have to put all nutrition information on the packets per servings like protein, fat, sugar, ingredients etc.