I have written previously about the problem China has created with their one-child policy, and most experts now see that China has created a pig-through-the-python kind of slow, irreversible disaster in the making. At some point - not too far out, either - China's population will suddenly begin to decrease.
That has already happened in Russia, where the population peaked at 148 million about 15 years ago, is now at 142 million and is predicted to be 111 million by 2050. And they can't reverse it; the people simply won't go that direction.
And in Europe there is not a single country with a birth rate of above 2.0, which is the birth rate necessary for a population to grow. Add to that the increased death rate for us Baby Boomers (not an American phenomenon) and the population will begin to decrease very soon.
The lack of jobs were are now experiencing may very well be replaced by a lack of labor at some point in the future, but for now I think it is important that Executive (Talkin' about you, Barry) and Legislative branches get busy and pass legislation, reduce expenditures, and take whatever action they can to make it happen.
I'll even go a bit further: I'll say that there is no reason to do anything - anything at all! - that is not intended to create jobs in America or decrease the expense of governing.
The latest reading on weekly jobless claims showed a drop of 5,000 to 348,000. This brought the 4-week average down a touch to 355,000; the lowest level since March 2008.The Link
Regardless of recent improvements, our 8.3% unemployment rate is stuck near the highest levels seen since the dark days of the early 1980's. And if you ask ten people to name the biggest worry in today's economy, most will say high unemployment.
According to Conor Sen of Minaynville.com, the country's worries may be overstated. He says we're less than a decade away from the biggest challenge not being too few jobs for American workers, but rather a workforce too small to fill the demand.
"Ten years ago we saw for every new retiree there were ten new workers in the work force," Sen tells me in the attached video. "Ten years from now we're going to see the opposite; we're going to see ten retirees for every new worker."
As a function of simple math Sen concludes the unemployment picture is apt to improve "much faster than people think."
The natural push back on Sen's theory is the inability of U.S. corporations to create jobs domestically in the face of cheaper labor available overseas. Sen says those issues are taking care of themselves as well.
"The U.S. workforce is the most productive in the world and our productivity rate continues to improve. At the same time wages in China, partially due to the depreciating dollar, have been skyrocketing over the past few years." As a result, according to Sen, "our manufacturing workers are becoming much more competitive in the world markets."
After all... the old maxim applies now as much as it ever did. Perhaps even more:
The more you punish an activity, the less you are going to have of it.
And we now have a fed govt that is at war w/the private sector and relishes the opportunity to impede and/or punish success and/or prosperity at every turn imaginable. Nationwide brown outs and blackouts and a Chicago style ghetto on a national scale are just in birds eye view. We JUST NEED 4 MORE years.
Not too hard to figure out. Shrink the amount of jobs in the workforce universe...the percentage of those unemployed looks much smaller.
If the 2 million jobs that have magically disappeared over the last couple years were still factored in the unemployment rate would be almost 11%.
They can cook the books all they want, but it won't matter because such accounting legerdemain always gets trumped by the "plague factor". The government can claim that there is no plague, or it isn't that bad, but when everyone knows ten or more people who have it or have died of it, everyone knows it's a plague.
|« Previous Thread | Next Thread »|