Chapter 54 9. Looking forward to 2020: a consolidation of wealth

As far as economic growth is concerned, population growth brings sufficient labor resources. Once the appropriate method of wealth creation is given, the cost advantage brought by abundant labor resources will definitely make the economy present a completely different look. Topic Introduction: A New Concept of Wealth—Greater Demographic Dividend In our concept, the definition of wealth adheres to the traditional way of thinking. The so-called wealth includes both material and spiritual factors. For the former, any material that can meet our various production and living needs is wealth, while spiritual wealth refers to the factors that make us feel happy and comfortable.

However, according to such a definition, there will inevitably be a conceptual incompleteness, so that a large important wealth will be left out of the definition, resulting in a pattern of wealth loss. This wealth that has been forgotten in the corner is the population that we have repeatedly mentioned. In the past years, whenever we mentioned the concept of population, the accompanying topic was often the negative effects brought about by population growth. As everyone knows, such an argument is correct, but it throws its positive side out of sight . If we go back to history, we will find that in an agricultural society with stable production technology, the main driving force of wealth growth depends on population growth, and when the industrial society comes, with the gradual improvement of production technology, technology also begins to become driving force for wealth growth.

In fact, in most of the history of human society, the growth of population means the growth of total social wealth. However, when the growth rate of population exceeds the speed of resource discovery and technological progress in stages, it means decline in ownership. As we experienced in the 1960s, people see population growth as a drain on wealth because of an exceptionally rapid short-term growth that overwhelms the capacity of resources . When the time came to the 21st century, when the process of industrial society quickly spread to China, we felt in the fields of manufacturing and other fields that when the proportion of the working-age population is relatively large, it can also create favorable conditions for economic development. , can also make the entire country's economy present a form of high savings, high growth, and high investment.

As far as economic growth is concerned, population growth brings sufficient labor resources. Once the appropriate method of wealth creation is given, the cost advantage brought by abundant labor resources will definitely make the economy present a completely different look. From this we can see that if we regard labor as the source of wealth creation, then population means the amount of labor and the representative of labor force, and its final form represents wealth with the same value as real gold and silver. From another perspective, with the gradual improvement of production technology and the continuous improvement of the quality of the population, when the wealth creation ability of the vast majority of the adult population exceeds its wealth consumption ability, the result will be social wealth. The continuous accumulation of time and the difference in time, only at such a historical stage can the wealth value of the population be more accurately displayed.

According to this theory, in fact, for China, the era of enjoying the "demographic dividend" is far from over. First of all, China's population is still growing steadily and steadily, with an increase of about 2% per year. Secondly, between the 1970s and 1980s, China experienced a relatively obvious birth wave, and these people are currently about 20 to 30 years old, and they are gradually entering the peak period of life consumption. Furthermore, in China's current population structure, young and middle-aged adults aged 15 to 50 account for a considerable proportion, and these people happen to be the main force of consumption. It will take at least 10 years.

Finally, with the continuous acceleration of urbanization, the proportion of China's urban population is constantly increasing. Compared with the rural population, residents living in cities cannot achieve self-sufficiency in many needs. Therefore, a large number of urban population in the future , are constituting the main force of consumption. Based on such considerations, we must make a revision to the concept of wealth, and the deep meaning of this revision represents an integration of wealth. Compared with the way of looking for wealth from the outside, this way is undoubtedly more Positive and more convenient, in the next 10 years, if we can achieve a breakthrough at this level, its meaning is tantamount to getting gold at your fingertips in a scramble for wealth.