Difficulties in Baby Boomers

People migrate in search of better economic prospects and opportunities. Many move to enjoy a better lifestyle and improve standard of living. A segment migrates from the home country to find a secure place where they can spend lives peacefully. Recently, the increasing pace of globalization has prompted migrant workers to move from one country to another.

China’s One Child Policy was founded in 1949, this policy was founded upon the idea that China’s population was growing at an exponential rate (Doc B). China had one of the largest growing populations at over 150 million every year and with a population density of over 104 people/sq. km in rural areas and in cities up to 22,350/sq. km (Pop. Den.). China’s One Child Policy focuses on lowering the fertility rate of women and in turn lowers the population and population density, this is done by limiting most of the Chinese society to only having one child. China’s One Child Policy was a good idea because it focused on academic achievement, lessened the load on the environment and lowers fertility rates in women which then in turn lowers the already crowded Chinese population.

The aging of the baby boomers is not just a demographic issue. It has important economic implications. Owen and Griffiths (2010) argue that the baby boomers can best be seen as a generational bulge that occurred between 1946 and 1964. This generational bulge is so large that it drives the economy during each state of the baby boomers lives (p. 76). This suggests that the aging of the baby boomers is a demographic issue with important economic implications.

While these aspects of society certainly do impact a nation with a growing older population, they are not the most problematic. Financial instability of the country should not be the spotlight of concern, but as people are living longer, people should be more concerned with that the typical life should look different in the future. With this in mind, the article proposes other areas of concern: lack of incentive for volunteering, little to no new education for older adults, and massive technological change with no way for older generations to learn how to use it. If these areas are not provided with change, it will ultimately lead to economic hardship for the elderly, due to the lack of new education and technological knowledge, which would, in turn, able them to work longer. If older generations were able to stay in the workforce longer, our aging society, which people believe may eventually not have a large enough work force, would be able to avoid this presumed

There are two main reasons for Chinese people to emigrate from China to other developed countries, either in a legal way or illegal way.

China considered one of the largest economies in the world, it also has a vast emerging

As a person grows into their seventies and eighties, they are not only rewarded with extra candles on their cake, but a plethora of medical issues: arthritis, cancer, respiratory disease, osteoporosis. Each and every day there are more people that fall into this age bracket due to the vast amount of babies that were born from the late 1940’s to the early 1960’s (otherwise known as the baby boom).

In article “Society must Prepare for a Wave of Aging Baby Boomers” in How Should Society Address the Needs of the Elderly from Opposing Viewpoint in context, the psychologist Kem Dychtwald stated that the generation born between 1946 and 1964 will face several social problems since the life expectancy has increased, and the country and the government should recheck the services available to satisfy the needs of the elderly and improve them in order to avoid this oncoming issue. Two main factors will change every facet of our life; the mass aging and an age wave. Dychtwald said that it seems that we are prepared to face these two great forces, but the opposite is the case and if we do not prepare ourselves we can reach a disaster. Moreover,

First of all, China population law should be abolished because the law limits the future of China, and the law decimates the economy. In the article China’s child policy, the authors state, “China can only have one child policy” This passage shows that China’s economy is beginning to struggle. Some of the citizens doesn't like the population law that the government does. It affects the citizens because they can’t do anything like Li Xia she couldn’t do anything because she doesn’t have her birth certificate.

Many countries with policies similar to China also have high rates of bribery and corrupt bureaucrats. In other, more democratic countries such as the US, starting a business is a simpler process and just requires the right capital expenditures. “Economic freedom is highly correlated with societies’ openness to entrepreneurial activity that creates new jobs and increases opportunity and choice for individuals in advancing their own well-being (Miller, 2011).

With China emerging as a global power in business within the last decade, knowing about doing business in China has become more important than ever. There are both many advantanges and challenges with doing business in China in this modern era, and understanding both sides of this coin is the key to being successful in China. Some aspects to keep in mind include the cultural barrier, the price of the work force in China compared to the United States, and have the “made in China” brand be accepted back in the United States.

The Doing Business database ranks China a modest 91st on the overall ease of doing business, with India worse but not dramatically so at 116th… in China it’s quicker to start a business, get goods from factory floor on board a container ship, and register property. But Indians - perhaps surprisingly - seem to have more flexible labour laws and fewer hassles with licences.

The China market provides many opportunities for foreign firms to take part in its economy; this is different from transferring parts of an industry to China – taking advantage of high quality labor at low costs - for the purpose of re-exporting.

Many people migrate from one country to another or within a country. There are different reasons why people migrate and there are also things that can stop humans from moving, humans signify it as barriers. Many people have complex issues mentally and physically when they migrate, there are also factors that attract or drive out people from a place.

Strong development of general Chinese economy Limited competition, mostly smaller companies with focus on SMEs