Answer to Question 1
Answer: TRUE
Answer to Question 2
Answer: According to United Nations forecasts, The world is in the midst of an epochal demographic shift that will reshape societies, economies, and markets over the next century.
The total world population in 2012 is estimated to be over 7 billion individuals. However, that number is forecasted to hit 9 billion by 2050, at which point the United Nations predicts the total population will either stabilize or peak after growing for centuries at an ever-accelerating rate. The main reason for this major shift is the decline in birthrates as nations advance economically. However, in developing countries in Africa, Asia, Latin America, the Caribbean, and Oceania, birthrates remain high. One of the benefits is that many of these countries are likely to experience a demographic dividend: a rising proportion of young people entering the workforce, driving productivity and economic growth.
The world's population is now aging at an unprecedented rate. People aged 65 and older will soon outnumber children under age 5 for the first time in history. Also, the world's population aged 80 and over is projected to increase 233 percent by 2040. The implications of these trends for societies and businesses are profound from changing family structures to shifting patterns of work and retirement to emerging economic challenges based on increasing demands on social entitlement programs, dwindling labor supply, and declining total global savings rates. Such demographic shifts will reshape the global workforce and organizational workplaces.
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