Posted on 01/15/2020 11:28:23 AM PST by Oldeconomybuyer
The growth of the U.S. workforce is declining and new immigration policies are needed for the economy to grow at a faster rate, Dallas Federal Reserve Bank President Robert Kaplan said Wednesday in New York.
An aging population is shrinking the workforce and putting a drag on GDP growth, Kaplan said at an event organized by the Economic Club of New York. “Unless we change policies, it is our view that workforce growth is going to be sluggish,” Kaplan said, adding that immigration, trade and globalization are opportunities for faster growth.
Fed officials voted unanimously to keep key U.S. interest rates steady at their December meeting and signaled the central bank’s target range of 1.5% to 1.75% is likely to stay put for the time being.
(Excerpt) Read more at reuters.com ...
“An aging population is shrinking the workforce”
Bullsh&t. Even Japan doesn’t buy that reasoning by answering it with more immigration..
If we just open our borders, then we'll be flooded with net drains on the economy, not producers.
Let me guess - he also wants to spend half our GDP on ‘global warming’ ....
Kaplan the Anti-American buttwipe again.
Ever heard him say we should do everything we can to encourage large American families?
Nah. He considers us all Nazis.
Bring in the foreigners, push out the Americans.
To him, Americans = Deplorables = Redneck masses, distasteful and grubby, gotta drown ‘em in a sea of aliens.
“The growth of the U.S. workforce is declining and new immigration policies are needed for the economy to grow at a faster rate,”
Horse ——! The population of the US goes up every freakin’ year!
We have enough turdworld dullards!
Sod, Off, Swampy. — to him, not you.
Ten people each make $50,000/year.
Twenty people each make $40,000/year.
The twenty people have a bigger economy.
Imagine if we had 600 million or 900 million US citizens!
The Dow might be at 40,000. And you might be living with two other families.
Rich people need to understand that a federal wealth tax is constitutionally possible.
A few million more Democrats are all that Bernie or Liz really need.
Three hundred million more immigrants might make the Dow reach 45,000.
Six hundred million more immigrants might make the Dow reach 55,000.
A 6% annual wealth tax will effectively reduce the rich man’s 600 million immigrant Dow to the current Dow in about eight years.
Our statistics have been corrupted, likely deliberately.
ALL INCREASES IN POPULATION INCREASES GDP
Welfare payments (to include SS), Medicare, Medicaid And every form and manner of Government spending are counted towards GDP.
And every dollar of that is counted twice, once when it’s earned from the civil economy, and once when it’s spent by government. In fact, $4 trillion is counted twice.
Even though over $1 trillion is borrowed.
Our “real” GDP is actually $4 trillion lower than reported.
https://courses.lumenlearning.com/boundless-economics/chapter/comparing-real-and-nominal-gdp/
“An aging population is shrinking the workforce and putting a drag on GDP growth”
bullshit ... no one will hire anyone over 50 ... that would all change of course if H1Bs were eliminated and illegal immigration halted and reversed ...
The growth of the U.S. workforce is declining ...An ageing population is shrinking....
why wouldn’t that be good news for those who blame America for the world’s woes? Less pollution, less manufacturing, less exploitation of foreign resources, less orange people, back to balance with nature.
Flooding America with resource-demanding immigrants who tend to have large families that will increase demand on resources exponentially, seems antithetical to just about every Green gaia policy in existence.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.