Posted by: Steve Walmsley
« on: April 11, 2011, 01:34:22 PM »One thing to think about with faster growing population is that the percentage of the population generating wealth goes up with larger populations. A small population has most of its people working in the agriculture and factories with only a small percentage working in the service sector. A large population however has about 75% working in the service sector, and that is what generates money to spend. A population of 400 million is about the cutoff for getting the 75% service sector. A 100 million population has a service sector of 56% roughly. Depending on how your population is split up this can have a big effect on your income and what you can actually spend it on
Brian
Wealth generation is based on the entire population. It isn't restricted to a particular sector.
Steve