Economy: Baby Boom retirements are not the cause of immediate labor shortages
Because as of now, 90-95% of the Baby Boom has already passed away or retired. There are very few of them still in the labor force!
Demographics, Economics, Business, Data analysis, Tech, Factfulness
Because as of now, 90-95% of the Baby Boom has already passed away or retired. There are very few of them still in the labor force!
With population growth now curtailed, or flat lined or decreasing in some states, where should you invest for the new future?
Population projections, by state, out to 2050. The US is entering a "post-growth demographic" - with very challenging and potentially scary issues to confront.
China's real estate values are in a downward trajectory, due to shrinking populations.
People working more than one job is seen as a problem. But its less than in the 1990s, and involves few workers.
The participation rate has dropped. The main reason is the Baby Boom boosted it higher and now in retirement, is exiting the workforce. Great options for Gen Z.
The media is spinning a doomer story that more people are living with multiple generations. This is, in fact, a return to what was normal.
In 2022, Roubini predicted a market crash. Instead, the markets went up sharply.
The media loves to imply that at 4.2% unemployment we are in an economic downturn.
This finding is contrary to the doomerism media reports.
The country has done quite well, despite the doomer media.