Over the course of the next forty years, the portion of the world oer age 65 will add by approximately more than 100 per cent, from 11.5 per cent of the population to 23.5 per cent. To put this increment in context, it took roughly a century - from the late nineteenth to the late twentieth century - to bring about an increase of similar magnitude in the portion of the population all over 65. Moreover, within the over 65 group, it is the oldest subsets of the population that are development most rapidly (i.e. the over 75s and over 85s). The rapid development in the population over 65 s is probable to lead to significant impact on labour markets and also has given rise to fears that the cost of public pension programs and wellness care will impose intolerable financial burdens on the working age population in the years ahead, save at the same epoch, substantial contributions are made by older people in unpaid work including agriculture, the on the loose(p) sector and in voluntary roles.
The ageing BC population and the likely affect on labor turnover order were covered in the April 1999 release of Earnings and Employment Trends. This phrase looks at a different aspect of the ageing workforce, this clip from the perspective of workplace absenteeism due to own illness or disability.
(See Chart 1) In any one-week, approximately 4.4 per cent of employees extend some time off work because of illness (Based on data from the Labour Force Survey, 1998.) Among those who do, the average length of time off the job is 23 hours per week (Among those who were away develop of the week, the average number of hours away was 10.0) When these numbers are reborn to an annual basis and calculated across all employees,
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