Taiwan’s double impact on population
Taiwan suffers from a double impact of rapid ageing and dwindling child population. The population increase of seniors is expected to outpace the population increase in children under 15 years old by 2019, two years earlier (2021) than estimated.
In the first 9 months of 2017, some 143,000 babies were born. In 2010, 166,000 babies were born in that year. Taiwan’s current birthrate is 1.07. By 2050, Taiwan’s total population is estimated at 18,000,000 people, a reduction of 5,558,367 people or -23.594025% from the current population total of 23,558,367.
In February, 2017, Taiwan’s senior population constituted 13% of the total population and there are 17,197,608 working aged people, constituting 73% of the total population. By 2060, this working aged population will be 51% less.
In 2017, every 5.4 young persons support 1 senior. By 2060, 1.3 young persons will have to support 1 senior.
Four reasons have been cited for not wanting to have children: (1) low wages; (2) high home coast; (3) shortage of childcare facilities; and (4) high cost of education.
When government began to subsidize childcare facilities in the 2000’s, private childcare facilities immediately raised their fees to match, rendering the government program completely ineffective and canceling the program’s intended incentive to promote childbirth.
There is an argument here in favor of liberal socialism against free market democracy in providing childcare.