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OT: Some really bad news for the local economy
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[QUOTE="Crusty, post: 791760, member: 2265"] There is one other way and that is to increase net exports like Germany, which has negative birth rate. Most developed countries have low birth rates and population growth and they all want to export but everybody can't be a net exporter! There are some scary demographics trends out there that in some forecasts can lower GNP by a full percentage point. The aging population and the baby boomer retirees may create a drag on the economy in a couple of ways. [LIST=1] [*]Retirees on fixed incomes consume less that those still working full time. [*]Retirees tend to be more skilled than those that replace them creating a drag on productivity. [/LIST] Even if the birth rate jumped up tomorrow it would not help mitigate these factors for about 20 years. Increased immigration is the only answer. You are right on the money about the R's. Latinos are far more compatible with the old republican values but so long as there is a TEA Party influence forget it. [/QUOTE]
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OT: Some really bad news for the local economy
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