Meanwhile there will be ageing populations in more developed countries: the number of persons aged 60 or above is expected to more than double by 2050, to 2.1 billion – with the most obvious ‘ageing’ in the economic powerhouses of Europe and China. The result will be pressures in health care, pensions and social protection. “And one guaranteed result of this population growth – and the two issues of the search for economic wellbeing and increasing climate disruption – is that there will be increasing migration to richer countries with declining and older populations. And migration, as we can already well see, brings major social, economic and political challenges and polarisation”, he said.
“So what we see is that Developing economies in the Global South will face an oversupply of young people at working age while aging developed Global North countries like China, Europe and North America will face an undersupply and a talent shortage.”
He asked what these demographic changes mean to Gen Z, now in their 20s, who will be in their 40s by 2050. He stressed that “It’s our task to know this, to listen, to react, to accompany young people”. “If you’re Gen Z in the developing world of growing populations” he said, “the economic outlook is likely to get harder, with population slowing growth and making the SDGs more unattainable. There will be massive pressure on jobs, which the developing world is already struggling to create, for instance with Africa producing 11 million 18-year-olds a year, and finding jobs for only 4 million. This is the opposite of the ‘democratic dividend’, and will get worse. Meanwhile Artificial Intelligence will continue to take away jobs, especially the entry-level ones of young people.”
He cited how Professor Yuval Harari has warned about the emergence of a “useless class” — people whose skills are no longer relevant in an AI-dominated job market. “They will not only be unemployed but also unemployable. For organizations like World Scouting and YMCA, this presents both a challenge and an opportunity. We will remain in business as long as we continue to advocate and equip young people with skills that cannot be replaced by AI — skills such as creativity, emotional intelligence, and leadership. And as long as we continue to play a critical role in guiding youth to navigate increasingly polarized societies, by promoting wellbeing and inclusion and building resilience in the face of these disruptions.”