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Shock of Gray: The Aging of the World's Population and How it Pits Young Against Old, Child Against Parent, Worker Against Boss, Company Against Rival, and Nation Against Nation
 
 
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Shock of Gray: The Aging of the World's Population and How it Pits Young Against Old, Child Against Parent, Worker Against Boss, Company Against Rival, and Nation Against Nation [Bargain Price] [Hardcover]

Ted C. Fishman (Author)
4.4 out of 5 stars  See all reviews (16 customer reviews)

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Book Description

October 19, 2010
The New York Times bestselling author of China, Inc. reports on the astounding economic and political ramifications of an aging world.

The world’s population is rapidly aging—by the year 2030, one billion people will be sixty-five or older. As the ratio of the old to the young grows ever larger, global aging has gone critical: For the first time in history, the number of people over age fifty will be greater than those under age seventeen. Few of us under­stand the resulting massive effects on economies, jobs, and families. Everyone is touched by this issue—parents and children, rich and poor, retirees and workers—and now veteran jour­nalist Ted C. Fishman masterfully and movingly explains how our world is being altered in ways no one ever expected.

What happens when too few young people must support older people? How do shrinking families cope with aging loved ones?

What happens when countries need millions of young workers but lack them? How do compa­nies compete for young workers? Why, exactly, do they shed old workers?

How are entire industries being both created and destroyed by demographic change? How do communities and countries remake themselves for ever-growing populations of older citizens? Who will suffer? Who will benefit?

With vivid and witty reporting from American cities and around the world, and through compelling interviews with families, employers, workers, economists, gerontologists, government officials, health-care professionals, corporate executives, and small business owners, Fishman reveals the astonishing and interconnected effects of global aging, and why nations, cultures, and crucial human relationships are changing in this timely, brilliant, and important read.


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Editorial Reviews

From Publishers Weekly

Armageddon looms thanks to increasing longevity, according to this fretful jeremiad. Fishman (China, Inc.) visits a number of locales--luxury retirement communities in Sarasota, Fla.; the rust-belt city of Rockford, Ill.; a village in Spain; Beijing--and everywhere finds a skyrocketing population over 65 with attendant problems: soaring medical costs, overwhelmed caretakers and government pension systems, and oldsters who feel sad and neglected. Fishman weaves these findings with all manner of demographic, economic, and cultural discontents, including plummeting birth rates, environmental degradation, underpaid immigrants, American industrial decline, globalization, and outlandish teen fashions. Unfortunately, conflating all this under the rubric of aging's "shockwave" obscures more than it reveals; while focusing on an unsolvable existential predicament--you can't keep people from aging--Fishman avoids investigating solutions to specific problems he raises, which are mainly issues of trade, industrial policy, and economic inequality, not necessarily longevity.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

By artfully juxtaposing anecdotal evidence of the lucky ones who have "cheated at the actuarial tables"--e.g., his 80-something mother who dances at swinging parties, and youthful 75-year-old retirees living it up in Florida, "God's Waiting Room"--with the dependent elderly unable to care for themselves, the author makes a convincing case that we must be prepared to pay a significant price for the increased longevity of the world's population. While not denying that a healthy lifestyle is an important factor in allowing an increasing number of people to enjoy an active life into their 70s and beyond, Fishman sees the extension of longevity as a problematic global phenomenon, primarily the result of abundant and reliable food, improved public-health measures and more accessible and effective antibiotics. An unintended consequence of a longer-lived population is the increase of the frail elderly, who will place an increasing burden on younger people who make up the workforce and who will be called upon as caregivers. While Europeans enjoy the benefit of early retirement and are reluctant to extend their working years, Americans over 55 are having increasing difficulty finding employment. At the same time, more women work outside the home, marry at a later age and are giving birth to fewer children. One answer would be for more older people to continue working, but under the pressures of globalization, Fishman sees the opposite tendency. Companies are driven by global competition to jettison older, higher-paid workers in order to drive down wages while lower-paid women are encouraged to join the workforce without adequate provision for childcare.

A timely wake-up call. -- Kirkus Reviews, August 15, 2010


Product Details

  • Hardcover: 416 pages
  • Publisher: Scribner (October 19, 2010)
  • Language: English
  • ISBN-10: 1416551026
  • ASIN: B004Q7E180
  • Product Dimensions: 9.1 x 6.2 x 1.4 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (16 customer reviews)
  • Amazon Best Sellers Rank: #128,646 in Books (See Top 100 in Books)

More About the Author

Ted C. Fishman's essays and reports have appeared in The New York Times Magazine, Money, Harper's, Worth, Esquire, USA Today, GQ, Chicago magazine, and Business 2.0. A former floor trader and member of the Chicago Mercantile Exchange, he ran his own trading firm until 1992. A graduate of Princeton, he lives in Chicago.

Customer Reviews

Most Helpful Customer Reviews
31 of 32 people found the following review helpful
A Look at Our Future November 7, 2010
Format:Hardcover|Amazon Verified Purchase
The book does not present a lot that is new unless you are new to the subject. I thought to myself as I read that it was a Cliff's notes version of year's worth university study in gerontology. The book is good for a beginner, or as a refresher, but does not have a lot to offer to someone already familiar with the discipline.

The book is strongest in its examination of the economics and sociology of an aging world population. It looks at Spain and Japan, because the problems of an aging population have already arrived there. The problems in those country foreshadow our own. Fishman looks at China because that country is a powerful economic engine, and looks at the United States because we live here.

The discussion of the physiology of aging is shorter but interesting. The chart of normal physical decline by decade accurately summarizes current thought and makes for entertaining reading. No discussion of the physical side of aging is complete without looking at what lets us live longer. The book delivers again the message that most of the decisions which determine how long we live are made at the societal level (pure water, uncontaminated food, decent sewers, and literacy). Some were made by our parents, but for those of us who don't smoke or go to war, there isn't much we can, as individuals, do about our longevity.

Fishman writes well about the social and economic aspects of aging. I think he gave the short end of the stick to the psychological aspects. He talks a lot about dementia and loss of cognitive capacity, but doesn't address any of the theories of adult development. He talks about the physical declines we see in our thirties, forties, fifties, but does not talk about the psychological responses and defenses that we use to adapt to the physical decline. I think that the book would have been better with more discussion of current thought in that area.

Fishman is a reporter, not an academic. Attempting to make the facts and statistics palatable he uses case studies--beginning with a person, or a family, or country--thereafter expanding from the specific to the general. After a few chapters of that, I found the technique tedious. I didn't want to meet another fascinating elder, or interesting town, or developing country. I wanted to get to the facts and figures.

I was generally pleased with the book. The subtitle is inflammatory--to sell books I suppose--but the text is not. We are facing problems as our population ages, but they are problems that arise from our self-interested decisions to quit living in poverty and seek fulfilling lives. The problems will require solutions that will change the societies we live in, but in many respects those changes will be for the better.
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11 of 12 people found the following review helpful
Read it or be left behind! October 22, 2010
Format:Hardcover
Fishman has brought his characteristic reporting and analytical skills to one of the most important population trends of our day. What makes the book of note is the fact that it is written by a journalist rather than a gerontologist or any member of the gerontological establishment, who have been unwilling in the past to cast aging as a problem.Important also for business-minded folk who want a leg up on the future. Get the book!
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7 of 7 people found the following review helpful
Epic Research October 27, 2010
Format:Hardcover|Amazon Verified Purchase
Ted Fishman established his reporting prowess, trend recognition ability and story-telling flair with his excellent book, "China Inc."
"Shock of Gray" is an even more important work as it brings to life one of the most important issues of our time--the aging of the world. Most of us would like to live longer, healthier lives but what does that mean for our economy? For the legacy we leave our children? For the chances that we'll be able to live out our retirement? Mr. Fishman takes us around the world as he answers these questions with graceful clarity. We will be referencing this book for many decades to come. --Dan Buettner
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Most Recent Customer Reviews
Thought-provoking look at the graying of the planet
If age is just a number, then that number is about to present enormous global consequences in the next few decades. So says veteran journalist Ted C. Read more
Published 7 months ago by Rolf Dobelli
very poor audio engineering
Might be good, don't know. I couldn't get past the narrator gasping for breath after every phrase. Did the anyone listen to this before publishing it? Too bad.
Published 8 months ago by B. Johnson
Senior Wealth & Spending
Shock of GrayI must admit that I have not yet read the book. However, I did view the author being interviewed on C-Span's Book Review. Read more
Published 9 months ago by Dan Darrel
Less and more
Mr. Fishman is smart enough to know what he left out in his book and the writers of the 3 and 4 star reviews have it right. Read more
Published 9 months ago by G. Steen
How to think about a global cultural and economic phenomenon
Ted Fishman has a knack for tackling enormous topics. His first book, "China Inc.," gave us ways of thinking about the greatest engine of economic change today. Read more
Published 11 months ago by B. C. Ziv
outstanding and terrifying
Shock of Gray is something you should read but not because it's a feel-good story. More like a wake up call to the growing gray population globally and how all of us will be... Read more
Published 12 months ago by The reader
Higher Ed and 'Shock of Gray'
First published on my blog on 2/7/11: [...]

How old will you be in 2050? I will be 81. At 81 I plan to be still working in higher ed, still running, still writing,... Read more
Published 14 months ago by Joshua Kim
A complete book on a comming revolution
I think Ted Fishman's book is right on the money. For a 79 year old man with 12 children, 26 grandchildren, and 4 great grandchildren so far, I can see that the largest social... Read more
Published 14 months ago by greatfull reader
Hope I Die Before I Get Old
One of the most frightening yet illuminating books that I have read in years, Fishman describes how we are living longer in an era where the young and cheap are valued over the old... Read more
Published 16 months ago by David F. Kovalcheck
A fine survey that includes case histories of workplaces, homes, and...
SHOCK OF GRAY: THE AGING OF THE WORLD'S POPULATION AND HOW IT PITS YOUNG AGAINST OLD, CHILD AGAINST PARENT, WORKER AGAINST BOSS, COMPANY AGAINST RIVAL, AND NATION AGAINST NATION... Read more
Published 16 months ago by Midwest Book Review
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