For example, according to John Iceland (2006) there are three main reasons why poverty continues to be a critical issue in the United States, as follows. • The hardship that often accompanies poverty has adverse effects on individuals' physical and psychological well-being. It undermines children’s healthy cognitive and psychosocial development; it breeds a variety of antisocial behaviors, including violence; and it is associated with poorer physical health and shorter life expectancy (Lichter and Crowley, 2002). Moreover, poverty often begets more poverty, as those who grow up in poor families are more likely to be poor themselves as adults. • As economies thrive in societies with a vibrant middle class, declining levels of poverty contribute to a healthy economy by increasing the number of people who can purchase goods and services; that increase, in turn, stimulates economic growth and raises average standards of living.
Japan is considered an old man in today's society and leader in terms of aging population demographics. David Swinbanks, the managing director Asia & Australasia Region at Nature America, Inc, explains Japan's demographics, "The population of people over 65 will rise rapidly to 32 million by 2015, constituting a quarter of the population, while the working-age population, aged 15-64, that has to support them, will fall from 87 to 76 million." The population of people over 65 is rising rapidly to the point in which they outnumber the working age population. Japan is a "shrinking, graying society with young people crushed under the economic burden of providing for the elderly" (Smith). Japan's population is headed for economic and social disaster as the population shrinks and workforce diminishes, however, Japan is finding ways to deal with the declining population.
Even in a particular industry, the degree of absenteeism may vary in different departments. Peculiar Features Of Absenteeism In India Absenteeism is lowest on pay day and is highest immediately after pay day and the day on which bonus is paid. The absenteeism is high among workers of less than 25 years and over 40 years. The percentage of absenteeism is generally higher in night shifts than in day shifts. In India absenteeism is highest in April-May and September to October months due to harvesting and sowing reasons.
Japanese population is shrinking, currently more deaths than births Every year, 400 primary and secondary schools are converted into elderly day care centers. 1 out of 5 centenarians in the world lived in Japan. There are more elderly diapers sold than baby diapers. Japan is shrinking and the situation is more complicated as its seems. Japan is known for being the second world economy after the United States but Japan is also sadly known for having the lowest fertility rate and the highest aging population in the world.
The gap between the rich and poor in today’s society is increasing more than ever. Inequality in nations/countries obviously affects the poverty stricken population more than richer population, affecting every aspect of their lifestyle. Income is a major aspect that causes inequality because, as much as we’d like to think money can’t buy happiness, it can buy food, housing, education and healthcare; all things that affect the general wellbeing of people. For e.g. while in the past 10 years, those with a high socioeconomic status have been consuming diets of better quality, those on the lower end of the spectrum have been consuming less and less quality foods ( D, Weiss, 2014).
The first challenge that comes with population aging is its negative effect on the workforce. Since most of the population is made up of the elderly there is less participation in the workforce as well as a rise in elderly dependency which will only be counteracted if older people participate in the workforce instead of retiring. Besides having an effect on the size and quality of the labor market population aging is also a sign of the rise of non-cummunicable diseases which are responsible for 60 percent of all deaths. (Bloom, Boerch-Supan, McGee, & Seike, 2011) . The spread of non-communicable diseases puts a strain on healthcare systems as well as being very
Economy Laos lost nine-tenths of their currency's value against the US dollar in 1997 during the Asian currency crisis. A report from the Asian Development Bank states that even if absolute poverty incidence has halved, the distribution of private household expenditures has become more unequal in Laos. Because a large portion of the Lao population don't have the required education, skills, and experience for jobs outside the agriculture sector, foreign businesses who invest in the country usually bring their own foreign staff with them. This creates a deeper unemployment problem. Healthcare Approximately 44% of children suffer from stunted growth and 27% are severely underweight.
The second type of poverty is elderly poverty. The elderly in Hong Kong are both the poorest people in the city and the poorest people in the developed world. In 2017, 289,000 of the 1.34 million people living in poverty are elderly. According to calculations released by the Hong Kong Council of Social Service, close to a third of people aged 65 and over are classified as poor. Also, among 30 developed economic regions listed in a report by the Organization for Economic Co-operation and Development report, this is second only to South Korea, where the figure is about
Among the many disparities, economic disparity is the toughest challenge. Bihar, Madhya Pradesh, Rajasthan, Uttar Pradesh and Orissa are the main states affected by large-scale extreme poverty. Also, larger populations in these states that are increasing faster are a challenge that Indian economy face. A developed status cannot be attained if a major part of India’s population is in poverty. The corporate sector should be involved in various ways to handle this significant economic