Captain Obvious Says: Over the long-term, we cannot grow employment faster than we grow our population (unless many people start working more than one job).
So let's look at the population growth.
Click to enlarge.
Captain Obvious Exclaims: Danger!
Let's turn our attention to employment growth.
Click to enlarge.
Captain Obvious Exclaims: Two exponential trend failures!
Let's zoom in for a closer look.
Click to enlarge.
Captain Obvious Exclaims: The third failure's coming! Count on it!
Thanks Captain Obvious. What would we do without you?
Source Data:
St. Louis Fed: Total Nonfarm Employees
St. Louis Fed: Population Growth
This explains the push for immigration "reform".
ReplyDeleteSporkfed
The Millenials are a very large population. But they are not marrying and having children.
ReplyDeleteWe pay the immigrants to have babies. Why don't we do that for the natives?
Sporkfed,
ReplyDeleteAll is lost if we cannot grow unsustainably! Sigh.
Joseph Constable,
ReplyDeleteThe Millenials are a very large population. But they are not marrying and having children.
Same thing happened in Japan after their housing bust in the early 1990s. Go figure.
November 6, 2014
Abe team sets sights on raising fertility rate to 1.8
To achieve the targeted fertility rate, the administration will try to encourage young couples to have at least two children...
Good luck on that.