Doesn the UK need more young people to stimulate innovation and entrepreneurship?
No. One of the arguments made for increasing population growth and the relative numbers of young people (whether by natural increase or immigration) is that a successful economy needs innovators and entrepreneurs to develop successfully. Even if successful innovation and entrepreneurship is the preserve only of those under 30 (not the case), a lack of business talent in the UK cannot be blamed on demographic factors. The UK already has millions of young people, from very diverse backgrounds. As shown in UK Population Figures, 600,000 – 700,000 babies have been born in the UK for each of the last 10 years, and greater numbers before that. The UK already has some 15 million people under 20 (most of whom are dependents until they finish their education). If there is insufficient business talent, the reason cannot be insufficient numbers of young people.
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