Quote:
Originally Posted by slapass
Paul, it did reverse. We have a labor shortage, and it is only going to get worse. The next ten years are demographic disaster here. Tons of newly retired and not many new workers.
Don't drink the kool-aid. The big issues facing the US and Europe is declining growth and population, combined with large groups of pensioners. It will even out as we get used to it but the change is going to be the issue.
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The idea of a labour shortage would lead to higher wages, the opposite is happening.
Jobs that pay a decent wage are disappearing. Exported or going automated. Yes, there will be problems with raising enough in pensions because lower wages means lower taxes and more Government expenses.