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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (56270)10/11/2009 1:23:18 PM
From: elmatador1 Recommendation  Read Replies (2) | Respond to of 217546
 
The best way to compensate for an aging population — and therefore fewer workers — is higher productivity. But that indicator, too, has been moving in the wrong direction. After rising smartly in the 1970s and 1980s, productivity in the last decade and a half has inched up 0.9 percent annually in Europe, compared to 1.7 percent in the United States, Mr. Moëc said
nytimes.com

My analysis is: To compensate for an older population OECD countries need to increase produtcivity. That will further leave young people out of the work force.

That if it was successful. But it was not. Whjat it is at work:

While older population hangs on to their jobs, they are not inreasing productivity. Which it was necessary to compensate for an aging population.

And that it is not happeneing because it is the newcomers, the young people who will come with new ideas and the capacity to try new things.

In short. They are doomed. Both older and younger.



To: Haim R. Branisteanu who wrote (56270)10/11/2009 2:13:36 PM
From: KyrosL  Read Replies (1) | Respond to of 217546
 
Greece may have its Iceland moment sometime next year. When the final numbers are announced next year, the 2009 deficit will be more than 10% of GDP. The new socialist government will probably make things worse.

Incredibly, Greek government debt spreads have been shrinking and are now near multi-year lows.