This demographic trend will have a profound impact on medical costs, businesses, worker efficiency and productivity.
Several factors have fed this growth, apart from the general demographic trend in favour of the southern and western states.
Moreover, urbanization is hardly the only demographic trend sweeping over China.
In the process the Tory party ended up sounding censorious about single parents, thereby getting on the wrong side of a demographic trend that has helped to keep it out of power ever since.
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Short of flinging the oldsters to the sharks, there is no escaping the demographic trend that has fewer workers supporting more baby-boom retirees in most of the developed world (and part of the developing world).
Yet it also appealed to a less trend-conscious demographic, as exemplified by its radio advertising spokesmen, Howard Stern and Rush Limbaugh, and Wendy Kaufman, an actual employee who answered Snapple fan mail in wacky TV ads.
In short, Comcast is trying to differentiate itself against its competitors in the hopes of stopping subscriber losses by focusing itself on a rapidly growing and important demographic while tapping into the current trend of content moving online.
The main conclusion from this demographic work is that, barring a new increase in female labor force participation or a significant increase in the growth rate of the population, these demographic factors point towards a further decline in trend growth of employment and hours in the coming decades.
This trend will be further accelerated not only by millennials but increasingly by the other big growth demographic, aging boomers.
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The trend should continue well into the future on rising disposable income, higher standards of livings and a younger demographic where almost half the population is under 25 and eagerly looks forward to exploring the increasingly interconnected world.
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