Japan has a serious demographic problem. It’s already the world’s oldest society (22% of the population are 65 and older) and the birthrate stands at 1.34 (but a birthrate of 2.0 is needed to maintain Japan’s population).
One-fifth (21 percent) of the Japanese population is over the age of 65, according to the CIA World Fact Book. (Compare that to us here in the Sates, with 12.6 percent over 65 years of ago.) Since its population isn’t getting any younger, Japan has to come up with a source of labor to support its aging population. Robots! A Japanese think tank recently predicated that robots could end up… → Read More