China’s One-Child Policy Is Crippling Industry

China instituted a one-child policy in 1979 to constrain population growth and foster prosperity for the next generation. The byproduct of that policy is an accelerating decline in the pool of young and largely unskilled labor that is the mainstay of mainland factories churning out low-margin goods such as clothes, toys, and furniture. United Nations projections show that the country is at a tipping point: The number of 15- to 24-year-olds is set to fall by 62 million people—or more than 27 percent—to 164 million people, in the 15 years through 2025. (Source)

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