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With each passing day, people age, babies are born, and people die. Yet, as each day passes on, what happens to the population? Does a majority of the population fall within a certain age bracket, and if so, what is that age bracket? Peter, is the founder and president of Global Business Network, an organization which studies business and demographic trends. He presents an argument stating that a majority of the population will be teenagers in the 21st century (49). Schwartz's argument is refuted by Wolfgang Lutz, head of the Population Project of the International Institute of Applied Systems Analysis, who feels that the population trends of the 21st century will lead to the elderly being the dominant age group (57). Schwartz feels that the young will be the majority, and Lutz feels that the elderly would be a significant minority not a majority, therefore there will always be a workforce large enough to provide for the needs of the elderly. According to Schwartz, people under 25 constitute more than 52% of the world population (53). Most of these young people are located in Asia; the lowest numbers can be found in North America and Europe. The early twenty-first century will bring a global baby boom and t