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More People Means More Jobs, Productivity, Study Finds

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I don’t think this article makes sense.  Sure more people=more jobs but it also=more expenses.  People are not commodities and they must live and eat too.  So this may benefit the ‘people’ tending to ‘people’ but what about the ‘people’ being tended too?  Where are their jobs going to come from?

More People Means More Jobs, Productivity, Study Finds

The birth of one person generates an average of W1.2 billion in production and jobs for 1.15 people during their lifetime, a study claims (US$1=W1,180). The Ministry for Health, Welfare and Family Affairs said Tuesday that it asked Kim Hyun-sook of Soongsil University and Woo Suk-jin of Myongji University to study the effects of childbirth on job creation and productivity.

The study is based on the analysis of individual consumption patterns and their impact on related industries at each development stage — infancy, schooling, work and retirement.

In infancy, a child generates production worth W44 million and jobs for 0.17 people in such sectors as the medical and childcare and infant formula production industries. During the school years, a child creates jobs for 0.72 people while increasing productive effects to W229 million, mostly in education services and the stationery and publication industries. Researchers say say a child’s actual consumption is about half the volume of production it creates. They estimate that bringing up one child from delivery to college graduation costs W140 million.

Working-age individuals generate the production effect of W393 million and jobs for 0.067 people. In the retirement period, one person creates W217 million in production and jobs for 0.13 people in related industries like the medical service. Over a lifetime, a person also generates production effects of W344 million and jobs for 0.065 people by buying houses and cars. Even before entering the labor market, a person creates jobs for 0.885 people from birth through schooling, according to the study.

Kim said, “If the total birthrate jumps 5 percent from 1.19 in 2008 to 1.26, individuals will generate W970 billion in production and jobs for 3,700 people in infancy alone.” Kim Yong-soo of the Health Ministry, said, “Many people have warned that a low birthrate will weaken the nation’s mid- and long-term growth potential. The results of the study prove the warning, indicating that a low birthrate can result in fewer jobs in the near future.” / Dec. 23, 2009 11:48 KST

Written by recruiterinkorea

December 23, 2009 at 2:00 pm

Posted in Uncategorized

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