[Bharathi]

The line graphs illustrate the production and demand for steel in million tonnes and the number of workers employed in the steel industry in the UK in 2010.

Demand for steel in January was 2000 million tonnes whereas, the amount produced was twice the number. A rise is seen in demand and production of steel by 1000 million tonnes in April. Although the demand for steel has fluctuating outcomes such as incline between April and August, a drop in August, the amount of steel produced remained steady and then declined in August. After a spike in the months between August and December by roughly 1000 million tonnes in demand and 2000 million tonnes of production, a dramatic drop is seen in the amount of steel produced from 5000 million tonnes to 1000 million tonnes. A slight drop in demand for steel is also seen from 2500 million tonnes to 0 million tonnes by September. But it exceeds to 2000 million tonnes by December.

On the other hand, the number of workers employed remains as high as 5000 to as low as 1000 in January and December respectively. Between January to December, a sharp fall of workers is seen in March(nearly) from 5500 to 3000 and remained saturated throughout April. From April to August a fluctuation can be seen in the number and by August the number of workers employed reached nearly 3500. By December, a recession is seen from 3500 to 1000 workers employed which was the lowest in the year.

[Bharathi]

In the developing world, the technologies are also developing be it with respect to the industrial or medical field. Despite the fact that these advancements are bringing in a lot of space for a better standard of living, it is coupled with potential problems.

To name a few of these problems in a broader view, as a country’s economy, on the whole, we can notice the trends of the increased population with people above 60 years of age. This is an issue because when we look at the average age of the active workforce, it would come between 23-40 years of age and in some cases more. With the increase in the life span of people that come out of this estimated range, the instability of the economy increases. The government depends on the people to a huge extent for its growth and since old-aged people (above 60) are in their fragile age, they can not contribute at their best and turn out to be a negative side of the coin instead. Not only are they lacking the ability to contribute but they also require a lot of the investment made on them by the government and even their family. The older one gets the more medical attention they require. Hence, they require a considerable amount of medical and emotional attention. Also increasing the population size, in turn increasing supply demands. The drawbacks form a chain reaction.

When it comes to the solutions to these problems, talking specifically about economical drawbacks the government can introduce policies to increase the retirement age because we can see there are ample amount of jobs that fit old-aged people profile. Government can put forward policies to make life and health insurance a must for old aged people, this way the individuals will have a backup in extreme situations. One other solution could be better and more investment or special policies in the healthcare sector which can help not only the older citizens but also other people.

To conclude, the rising life expectancy can be good news for a lot of people to see from an emotional point of view but it could also lead to a number of issues for the country on the whole. Structured planning and advocating of solutions by an individual and also the government can save the country from a downfall.