1. (Other factor) The older generation have the advantage of experience over young people to make informed decisions about difficult situations.

Example: 

Even in industries with less technical training skills required, like Zarin Fabrics (Lower East Side) and A & H Harris Equipment Rentals (Gowanus), a small store which is part of a larger company, it can take many years for sales associates to become familiar and fluent enough with the product to be truly successful.


Eval : Ultimately, young people are limited in what they can do, as compared to the older generation as they are more qualified, with a higher level of academic achievement and/or more years spent in the workforce. 

2. (Other factor) The middle-aged work force most directly contributes to the immediate or short-term economic success of the country instead of young people as they arguably have the best balance in terms of energy and efficiency.


Example: The 50-plus age demographic has a major impact on taxes. The Longevity Economy outlook found that in 2018, the 50-plus age demographic contributed $2.1 trillion in tax revenue, made up of $1.4 trillion in federal taxes and $645 billion in state and local taxes. That figure will increase four times by 2050. This tax revenue includes both amounts directly paid by people 50-plus and the ripple effects of all their economic activities.


Eval : In the long run, younger people will join the work force and contribute to economic success. In the short run, middle aged people are the driving force of economic success as compared to young people.

3. (Other factor) Young people are not the ones who hold most influential power in making important decisions and directions for the country.


Example: In Singapore, young people are not able to vote for the General Election under the age of 21

https://www.eld.gov.sg/voters.html


Eval : Majority of the young people do not have the power to choose who to lead them. Minority of the young people who are above 21 are able to participate in the General Election to choose who to lead them but it does not represent the majority

Increasing the profile of a city can lead to lasting economic benefits. For example, cities which host the Olympics can be assured of a persistent increase in recognition and tourism. Barcelona, Sydney, Beijing have all seen this from hosting the Olympics. For a country like China with a controversial human rights record, hosting a major sporting event can be a way to gain greater international acceptance. When South Africa hosted the Rugby World Cup and later the Football World Cup, it was a defining moment in highlighting the new ‘post-apartheid’ South Africa. This raised profile can be important for giving economic benefits, such as attracting tourists and business investment. The importance of this point depends on the particular city. For South Africa, the World Cup made a big difference to perceptions of South Africa. For a city like London, which already has a very strong reputation, hosting the Olympics will be less influential. However, even hosting the Commonwealth Games can be beneficial for a city like Manchester, which benefited from hosting games, despite the persistent rain!