Demographic change a force that firms ignore at their peril

An excellent paper by the NZ Institute for Economic Research. The only issue I disagree with is the section on entrepreneurship.

“New Zealand’s population is ageing – confronting firms to respond to the opportunities an ageing population brings. The most successful firms will need to have a clear understanding of the impacts of demographic change on not just consumer demand, but also the supply side of business. This means putting in place strategies to address the impact of ageing on the make-up of the workforce, succession planning and where new ideas will come from.”

Read the article here