Demographics Unravelled. Amlan Roy

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in the population possess another characteristic: that of a worker contributing labour toward the production of goods and services, which in aggregate also leads to GDP. Thus, people are the core of any economy, and their salient features are those as consumers and workers—a far more important economic classification than that based on age or numbers of young or numbers of old. This paradigm encompasses the fact that consumer and worker behaviours are more relevant than their mere numbers or their age.

      My perspective of demographics extends to a conclusion that I have been stressing over the last two decades that demographics affects the income statement and balance sheet of every household, every company, every industry, and every country. This is because consumers and workers are the core of revenues and costs of every producing unit, be it at the household level or company level or industry level or national level. Demographics has accounting implications on enterprise profitability if one views labour as contributing to the costs and consumers as contributing to the revenues.

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