It is vital to recognise that: a) Our gradual ageing does not necessarily lead to lower workforce participation or higher welfare burdens, and therefore does not justify policies to produce higher immigration or a higher fertility rate(1); and (b) Immigration and a higher fertility rate have, at best, a small and temporary impact on the age structure of the population.(2)
Australia should better respect our senior citizens, continue to aspire to be a gradually ageing population, and celebrate this increasing life expectancy as a sign of a successful and sustainable society.
Policy Methods (Federal and State)
To help achieve this Australia should:
- Better facilitate and celebrate the unpaid community contributions of all citizens, particularly older citizens, who make a significant contribution to national wealth and wellbeing.
- Develop better quality aged, community and home care facilities and standards.
The Conversation: ‘The tenuous link between population and prosperity’: CLICK HERE
Grattan Institute: Ageing 'will not cause collapse of health system': CLICK HERE
MacroBusiness: "Ageing countries have higher economic growth, and improved health and longevity of older people increases their economic contributions": CLICK HERE
World Bank: "Dependency rates are not predetermined... and neither must the workforce shrink. Younger people, women, and older people are helping the labor force participation rise in many parts of the world [despite the society ageing]": CLICK HERE
- The Productivity Commission has stated clearly that immigration cannot make any significant or lasting impact on population ageing: “Substantial increases in the level of migration would have only modest effects on population ageing and the impacts would be temporary, since immigrants themselves age.”
Sign up to our eNewsletter today: CLICK HERE