http://economics.about.com/od/healthcareeconomics/a/baby_boom.htm
This is a good article that brings into play what will happen when all the "baby-boomers" all retire and are no longer in the workforce. These days are fast approaching us, so looking at the issue now may be a good idea. Certainly, there will be less numbers in the workforce. The point I think that is most interesting is what supply and demand will do. With a higher demand for buildings and activities associated with older people, how will the economy respond? This can affect all the different kinds of industries in an indirect way.
I also like that they brought up the different types of demands that are going to be more important. For example less soccer fields and more golf courses was an interesting concept to me.
ReplyDeleteI think it's interesting that they mentioned that wages will increase in order to retain the small pool of labor. However, if wages and taxes increase simultaneously, will the added income still be substantial?
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