What does the demographic dividend mean?

Demographic dividend refers to a country or region with a relatively large working-age population in a certain period. Because of its abundant labor resources, it can bring opportunities for economic development and social progress.

Specifically:

Demographic dividend means that during this period, the labor supply is relatively sufficient, the demand and supply of the labor market match each other, and the labor utilization rate is high, thus promoting economic growth.

Demographic dividend usually appears in developing countries or regions with young population structure and abundant labor resources. We can make full use of the labor resources of these countries or regions, provide sufficient labor supply and meet the needs of economic development. The increase of labor supply can bring more employment opportunities, improve the vitality of the labor market and promote economic growth.

Its limitations:

However, the demographic dividend also has its limitations. With the aging of the population, the supply of labor will gradually decrease, and the relationship between supply and demand in the labor market may change. In addition, the realization of demographic dividend also needs the reasonable planning and policy support of the government to ensure the effective utilization of labor resources and the sustainability of economic development.

Therefore, the demographic dividend means that in a certain period of time, labor resources are abundant, providing opportunities for economic development. But at the same time, reasonable planning is needed to cope with the change of labor supply and the challenge of aging population, so as to continue to enjoy the economic growth and social progress brought by the demographic dividend.

Ways to maintain the demographic dividend:

1. Optimize the education system

Provide high-quality education and training to improve the skills and employability of the workforce. This includes providing comprehensive basic education, vocational training and lifelong learning opportunities to meet the needs of different levels and fields of labor.

2. Encourage innovation and entrepreneurship

Promote the cultivation of innovation and entrepreneurship, and provide entrepreneurial support and innovative entrepreneurial environment for young people. Encouraging innovation and entrepreneurship can stimulate the power of economic growth, create employment opportunities and improve the creativity and adaptability of the labor force.

3. Improve employment opportunities

Actively promote economic restructuring and encourage the development of labor-intensive industries and service industries. At the same time, promote investment, create a favorable policy environment for employment, and improve employment opportunities and the vitality of the labor market.

4. Introducing foreign labor

When necessary, introduce foreign labor through reasonable policies to fill the gap in labor supply. This can be achieved by signing labor cooperation agreements, attracting high-tech immigrants, protecting the legitimate rights and interests of migrant workers and social integration.

5. Promoting women's employment

Encourage women to participate in economic activities and increase the employment rate of women. This can be achieved by providing child care and home care services, improving women's education and training opportunities and eliminating gender discrimination.

6. Improve the social security system

Establish a sound social security system, including endowment insurance, medical insurance, unemployment insurance, etc. To provide basic social security and welfare, and enhance the sense of security and stability of the labor force.

7. Promote sustainable development

Actively respond to population aging and environmental problems and promote sustainable development. Including strengthening aging research and policy formulation, promoting resource conservation and recycling, and realizing the organic combination of demographic dividend and sustainable development.