There are more people older than 65 than younger than 5 for the first time... changing the world

markets.businessinsider.com ^ | Feb. 20, 2019, 09:06 AM | Rebecca Ungarino

[Red Badger]

That’s an everyday occurrence in South Florida!.....................

[jmacusa]

LOL!

[Kozy]

Wealth transfer with inheritance tax at 90%. Remember that wealth is in the wrong hands. It is up to the communists to seize wealth in the name of the unwealthy to redistribute. Mayor Bill says so

[Yo-Yo]

[kabar]

Population growth rate compares the average annual percent change in populations, resulting from a surplus (or deficit) of births over deaths and the balance of migrants entering and leaving a country. The rate may be positive or negative.

Total fertility rate (TFR) compares figures for the average number of children that would be born per woman if all women lived to the end of their childbearing years and bore children according to a given fertility rate at each age. TFR is a more direct measure of the level of fertility than the crude birth rate, since it refers to births per woman.

[Kriggerel]

Oh, they certainly WILL take care of us. Dogs aren’t going to let any meat go to waste... :P

[stanne]

Understand why in autocorrect.

I Really need to use the preview tool

[Steely Tom]

There are two things that will solve every problem in the world:

1. America must open its borders, in fact must stop having borders at all.
2. America must do away with fossil fuels and nuclear energy.

[cuban leaf]

And kill all the white guys!

[L,TOWM]

You left out giving up all of our guns...

[L,TOWM]

Dang... 42 out of the top 45 countries for “total births per woman” are in Africa.

You may want to check out this guy’s blog — he has been all over the economic impact of the changing demographics on our planet for a long time. https://econimica.blogspot.com/

[Jacquerie]

I hope we don’t forget that chemical contraception, abortion and buggery, in the name of Scotus-created “fundamental” rights are destroying society and with it, the republic.

There is no right to terminate the next generation.

Unless we convene an Article V COS to repeal the 17th Amendment and just BEGIN the rollback of destructive court decisions, our nation is doomed.

Elections alone can’t disrupt our present course.

[kabar]

Thanks for the link. Really interesting stuff. It looks like longevity is driving global population growth. The implications that has for future economic growth and prosperity are staggering.

I will reread it several more times and check out his assertions using data from other sources. I recall reading a similar article several years ago about the US and the alarming decline in family formations and the impact it has on a host of economic sectors. One area affected was the number of children attending college, which would decline for a number of reasons given the demography. It is the reason why many US colleges must recruit foreign students to survive.

The US population profile is far from being a pyramid. The baby boomer cohort is a giant bulge going thru a snake. That bulge needs to be supported by a smaller population in its wake. Since the entitlement programs are pay as you go with today’s workers paying for today’s retirees, it raises real questions as to where the money is going to come from. In 1950 there were 16 workers for every retiree; today, it is a little less than 3 to one; and by 2030 it will be two workers for every retiree.

[airplaneguy]

Ha! Well it’s your money so have a good time with it. Haha

[airplaneguy]

It’s interesting you mention the 95 million people out of work. Part of what you are describing can be illustrated by the Pareto Principle. Named after an Italian economist named Pareto. Take a look at that and then it makes more sense. The 80/20 rule.

[kabar]

95 million are not out of work. Many are in school or choose not to work for various reasons. Still, they represent a surplus of labor.

[airplaneguy]

Well in the 97.4% of the US population that doesn’t live in the Socialist Empire of NYC we wholeheartedly reject mayor bill’s ideology.

[airplaneguy]

According to the Bureau of Labor only about 49% of the US population has a job of any sort. But that doesn’t tell the whole story. The other 51% comprises of minor children who are not legally able to work, stay-at-home spouses of people who do work, full-time college students, prison inmates, the mentally ill, and retired people. There might be a few other categories I’m missing but not having a job doesn’t mean not contributing. You could be contributing and other ways or are retired and sick of it all.

[L,TOWM]

He has a lot of other similar posts on his blog. Mostly a rehashing of his central premise, with additional stats and charts.

The thing that I wonder about is how much automation and AI are going to replace human employees in the near future. Even in my own business, which is completely white collar (essentially, I am a paralegal in the financial services sector), I am running out the clock on being replaced by an AI monitoring, reviewing, and notification system. I suspect that will happen within a decade of my retirement, so I figure that around 2035-2040, what I am doing today will be done by an AI. That might happen sooner.

[9YearLurker]

We’re living longer and killing off fewer of our young men in war—celebrate!