Posted on 02/21/2019 10:47:49 AM PST by Red Badger
The world's population is aging while many countries' birth rates fail to keep up. There are now more people over the age of 65 than there are under the age of five - a dispersion that's never occurred before, according to Deutsche Bank. The data point is part of a broader trend with widespread consequences for productivity, inflation, and global growth, economists say. Fund managers are taking notice of "secular stagnation" conditions often associated with persistent low inflation and low growth, and adjusting their allocations accordingly.
The world's population isn't getting any younger. In fact, it's getting much, much older. And that has sweeping implications for global growth, economists contend.
There are now more people on Earth older than 65 than younger than five for the first time, according to a Deutsche Bank analysis of United Nations data, Haver Analytics data, and the firm's global research.
The extreme data point underscores a broader economic trend that some economists are warning clients about: declining fertility rates lead to an aging population, which is thought to usher in depressed productivity, labor-force participation, and stagnant inflation. More indirect results of declining birth rates may also have an impact on macroeconomic factors like homeownership.
(Excerpt) Read more at markets.businessinsider.com ...
That’s an everyday occurrence in South Florida!.....................
LOL!
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
Oh, they certainly WILL take care of us. Dogs aren’t going to let any meat go to waste... :P
Understand why in autocorrect.
I Really need to use the preview tool
And kill all the white guys!
You left out giving up all of our guns...
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/
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.
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.
Ha! Well it’s your money so have a good time with it. Haha
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.
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.
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.
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.
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.
We’re living longer and killing off fewer of our young men in war—celebrate!
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