With each passing day, people age, babies are born, and people die. Yet,
as each day passes on, what happens to the population? Does a majority of the
population fall within a certain age bracket, and if so, what is that age bracket?
Peter, is the founder and president of Global Business Network, an organization
which studies business and demographic trends. He presents an argument
stating that a majority of the population will be teenagers in the 21st century (49).
Schwartz's argument is refuted by Wolfgang Lutz, head of the Population Project
of the International Institute of Applied Systems Analysis, who feels that the
population trends of the 21st century will lead to the elderly being the dominant
age group (57). Schwartz feels that the young will be the majority, and Lutz feels
that the elderly would be a significant minority not a majority, therefore there will
always be a workforce large enough to provide for the needs of the elderly.
According to Schwartz, people under 25 constitute more than 52% of the
world population (53). Most of these young people are located in Asia; the lowest
numbers can be found in North America and Europe. The early twenty-first century
will bring a global baby boom and the emergence of a two-billion-strong "global
teenager" age-group (49).Teenagers are currently targeted economically
because of the purchasing power they possess. A new generation of teenagers
are hanging out in the shopping malls and spending their parents hard earned
money. The products targeted towards teenagers include sneakers, clothes,
makeup and electronics. But teenagers will expand their power into politics and
economics, which influence the future of the world.
The teenagers of the future will be more educated and informed than the
teenagers of the baby boom. They will be interconnected through the basic
technology of satellites, Walkman, video, television and the Internet. (50-51... Continue Reading