The Return Of The Demographic Crisis

aljazeera.com — There is a renewed drum beat in the media about the coming crisis in both the United States and elsewhere of an aging population. The story goes that we will have too few workers to support a growing population of retirees — scary stuff. While this is probably good grist for the Washington cocktail party circuit, it is not the kind of thing that normal people need take seriously. The idea that we should be troubled by the prospect of a stagnant or declining population is almost laughable. This is like an overweight person being worried over the fact that they have lost 20 pounds. Under most circumstances this is good news. At the most basic level, the demography gang is trying to tell us that we are running out of workers. Really? Regardless of where we look, the problem is too many workers for too few jobs.

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