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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (65729)	7/3/2004 9:51:21 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

BTW, Lizzie, if you still don't believe me, I just checked out a forecast of civilian labor force growth through 2050 based on changing demographics from the BLS site: bls.gov And I quote: "The high growth rate of the civilian labor force in the last 50 years will be replaced by much lower growth rates in the next 50 years...The civilian labor force...grew...1.6 percent per year, between 1950 and 2000. It is projected that the labor force will reach 192 million in 2050...or a growth rate of .6 percent annually, between 2000 and 2050." Here are the figures for the total civilian labor force from the report above: 1950 = 62208 2000 = 140863 2050 = 191825 (forecasted) The above figures when translated to an average monthly growth is as follows: 1950 to 2000 = 131K per month 2000 to 2050 = 85K per month. Here are some more statistics for you. There are around 115 million baby boomers. Of those in the labor force, 1/4 will retire every 5 years starting in 2010, until by 2030 the majority of baby boomers will have retired. So baby boomer retirment has already begun to trickle. But the first massive wave of retirement will start in 2010, and unemployment rates will plummet and wages rise steadily after that. I rest my case.