Shuckey Duckey economy, Funky financials & Disdainful or Disregard for difference
“At the national level, slower growth in America’s working-age population is a major reason that mainstream forecasters now expect the economy to expand around 2 percent each year rather than the 3 percent common in the second half of the 20th century. As a matter of simple arithmetic, lower growth in the number of people working will almost certainly mean slower growth in economic output...The authors of the E.I.G. report suggest a potential solution: an immigration policy that would stop the vicious cycle. They propose that visas could be made available to skilled immigrants on the condition they go to one of the areas struggling with demographic decline,” writes Neil Irwin in The New York Times. [Richard Reeves, Brookings Institution, April 10, 2019]
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