About 1 million Syrian refugees have entered Germany seeking asylum. It is estimated that this will cost the country up to $60 billion annually. However, there may be an actual benefit to that influx.
Like most advanced nations, Germany is seeing a lowered birthrate with an ever-growing aging population. In fact, in early 2015, they became the country with the lowest birthrate in the world. This presents a perplexing problem: How to sustain age-related social programs with fewer and fewer tax revenues from an increasingly smaller number of younger and non-retired workers?
This is where the Syrian refugees come in. If they can be successfully integrated into the German workforce, the effects of a lowered birthrate can be offset. In the long term, this could change refugees from a financial burden, to the saviors of the age-related social programs that Germany is sure to face in the future.
References:
Merkel Defends Open-door Policy on Refugees: http://www.voanews.com/content/merkel-defends-open-door-pollicy-on-refugees/3100337.html
Germany becomes land with the lowest birthrate in the world: http://www.christiantoday.com/article/fast.shrinking.country.germany.becomes.land.with.the.fewest.babies.in.the.world/55008.htm
Tuesday, February 2, 2016
Why the Syrian Refugee Influx Might Help Germany
Labels:
birth rate,
Germany,
social programs,
Syrian refugees,
tax revenues
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