Demographics

There are a number of countries where the demographics are leading to slow economic growth. Typically, the people under 20 are still under the care of their parents, the people 20 to 45 are working and raising families, the people 45 to 65 are the investors and those over 65 are retired. The 20 to 45 group represents not only the producers but also the consumers and since the US is a consumption driven economy, this is where the growth comes from. The 45 to 65 are those whose kids are grown and the house is paid down and they are preparing for retirement by investing and they provide the capital to join with the labor of the 20 to 45 group to keep things moving. The over 65 group has removed their capital from the investors and put theirs into bonds, real estate and cash. The US is not yet suffering from demographics and will not if the migrants are given work permits leading to green cards leading to citizenship. The ICE people should focus on deporting all convicted criminals, finding the 300,000 missing children and getting the rest set up for citizenship. As the baby boomers die off the demographics will improve and with reshoring there will be good paying jobs for high school grads who will team up with AI to operate factories. This will lead to increased productivity which leads to better pay which with proper planning can exceed inflation. This is similar to what happened during the 1950’s and early 60’s.