Workers

The study of the demographics of many countries shows they are running out of young workers and these are the people that provide for the elderly but also are the consumers of current production. China is entering this period were there are not enough young people but the way around this can be seen in Japan where they faced this problem in the 1990's. Japan chose to keep high value manufacturing at home and then set up manufacturing facilities around the world and in particular in the United State.. Here they have a supply of factory workers and they can send the profits back home to care for their graying population. The United States is about to embark on a similar plan by bringing manufacturing back home. The US will keep the high value production here in the US and send the low value production to Mexico where there is an ample supply of young workers. High value products require specially trained workers who have the educational skills needed in areas like high tech communication, advanced medical equipment and defense weapons. Low value are plant assembly line workers agriculture. Building new facilities will be costly and inflationary but in the longer run bring prosperity.