Population increase and its effect on the global economy.
Hello, everyone.
Welcome to my blog and another wonderful edition of the Hive Learner's featured post. Population growth and increase has a way it affects the economy; currently, population growth is not a single country's problem but a global problem. It is a problem that is faced globally, which makes it a general problem and not one that should be overlooked or ignored because the more the population increases, the more the economy depreciates and gets worse with each passing day. A continuous increase in a country's population will only break the country's economy, causing it to depreciate as well as causing the scarcity of resources as well as causing them to deplete even faster.
If the resources of a country were meant for a thousand citizens but overpopulation takes the number of citizens to 10,000, the available resources will deplete faster as they are being used by more people than they were actually designed for. Overpopulation has more negative effects on a country's economy than we can even imagine, causing everything to be like a competition, first come, first serve; the people need to fight over almost everything.
Even here in Nigeria, overpopulation has, in a way, affected the country's economy, though our current government spiced things up, but overpopulation leads to an increase in demand, and when there is an increase in demand with very little supply or supply is not equal to demand, there is inflation, and the rate of inflation that we suffer in my country today is outrageous, and that is as a result of overpopulation. As much as it is good to see the population of a country growing, it really should be kept within the scale and ensure that everything is done to keep the country's population growth within the scale that the country's resources can handle and comfortably take care of.
The high rate of unemployment we suffer today in Nigeria is because the population growth has surpassed economic growth; the number of graduates hitting the streets every day is not equal to the amount of jobs being made available; the ratio is unbalanced. We can have a thousand graduates in a year, whereas only 40 jobs are made available. What happens to the other 960 graduates? They end up taking up menial jobs and wishing the time spent in school was spent on something else.
The capacity of everything in a country and even the world at large is on a scale, and when the population increases and goes beyond this scale, it becomes a problem, as not everyone will be able to have access to basic amenities anymore; basic amenities that are supposed to be for everyone become the survival of the fittest kind of thing.
Seeing how much overpopulation affects the country's economy, should the government encourage families to start having a particular or fewer number of children? My answer to this question is yes, it is no new news that raising a child and giving him or her a quality life can be very expensive, stressful, and even difficult, so if the government asks families to start having specific numbers of children, it will help both the family and the government. The government will be able to take care of the masses better, and the parents will be able to give their kids the type of life they deserve. Every responsible adult knows child upbringing is not an easy task and will wholeheartedly accept such a rule if passed by the government.
Also, the government providing incentives will be good to push people into adhering to and following the rule, like in the barracks where we live, only 4 children are allowed to have health insurance, and if you have more than 4, the other kids will have to pay for medical services rendered to them no matter how small. Things like this can push people to stick to the number and not go beyond it.
You sound as if you studied economics in the university..lol
That's a nice insight on this topic... increase in population more than resources available is a big mess to the economy...if there's always to reduce the population..then the better for us
When the population of a nation increases it affects the nation negatively. Just like the way Nigeria is now, things are getting difficult every day and it all boils down to the population.
The population is increasing but there are not enough resources to manage such a large population. Apart from this, the unemployment rate is also so high that it is difficult for everyone to get a job.
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I completely agree with you: controlling population growth is an essential measure to ensure economic balance and fair access to resources. Well-structured incentives and public policies can be great allies in this process
The control of the population should come on the educational side, having a population that understood that the greatest number of people brought greater shortage of resources in everything. I think it should be somewhat voluntary and not pressed by the government, but it is necessary to have a very intelligent population so that this can work, and as the current situation of the world is not that, but there is a minority of intelligent people, since governments are forced to press people with norms.
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The high rate of unemployment is the result of overpopulation in our nation. The new Gen Z should reduce the birth rate, to fit into the economy of Nigeria. Food will be enough, employment will be favorable and things will move smoothly.
Thank you for sharing.