mrplunkey
New member
I think itll actually extend way beyond that. Considering the fact that the population surge of the past few decades is coming to a close (Americans have on average 1.6 children per family, whereas an average of 2.5 is needed to maintain a growing population) combined with the fact that (with extended life spans) the majority of Americans will be older, we will need immigrants to fill the gaps we leave behind...in almost all of the sectors.
An aging population that cashes in their equity and real estate while continuing to consume + how much longer it takes for Americans to enter the work force (an MBA is the new bachelors, etc) = labor shortage. We can either increase productivity or introduce more workers. Also, more new workers = more taxpayers, which is what will be needed to counteract all the old folks cashing in their equity and real estate.
That's a very interesting argument -- it makes perfect sense.