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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Haim R. Branisteanu	1/27/2010 4:50:00 AM
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Our Vanishing Ultimate Resource Steven Malanga, 01.25.10, 12:00 PM EST Plummeting birthrates threaten prosperity worldwide. Can America buck the trend? In Kamikatsu, on the Japanese island of Shikoku, officials have set up an agricultural cooperative whose members log on to computers daily to check the fluctuating prices of the produce that they grow. Then they go out and pick whatever is fetching the best price that day. Unusual, yes, but what's truly surprising about this cooperative is the average age of its members: 70. In a country where lots of folks retire at 60, Kamikatsu's residents are working well into their senior years--and they're doing so not only to buoy retirement earnings but also to energize the local economy. With nearly half of the town's residents 65 and older, the government realized that there simply wasn't enough of a traditional workforce available to build or staff most typical industries. forbes.com

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