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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (316271)	12/18/2006 3:26:24 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1574040

If more people are retiring than workers coming online, that nets us fewer workers and fewer taxpayers. Look at the demographics. Look up Baby Boomers on google and you'll understand what I'm talking about. Check out this specific link: data.bls.gov Then click on the civilian labor force. Watch that metric for the next 5-10 years. Many economists believe that metric will start to shrink or level off by 2010 and stay that way for awhile as baby boomers retire in mass and not enough people replace them in the workforce. If that happens, it will have a dramatic impact on tax revenues and the economy in general. The economy will not grow at full potential since there won't be enough workers to fill jobs and those that do get filled will have very high salaries which will squeeze profit margins. The end result will be many jobs going overseas. The 2010-2020 period will not be a fun one for the economy or the stock market.