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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (194272)	7/18/2012 1:17:57 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 543604

"there will be a full employment economy again. Wait and see." Not in our lifetime (or 2050, for the youngsters in the audience), unless we go back to one wage earner households, a 1950 concept.

To: epicure who wrote (194272)	7/18/2012 1:20:53 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 543604

<<<<<it's just a look at historical cycles>>>> Bingo! And every time a country has faced population bubbles they have entered different economic stages as that bubble ages. There is a growth spurt in the economy as the bubble becomes productive and that is followed by a period of a drain on the economy as these people age. We are just entering that draining phase now - AND it is why Krugmans are wrong. You bet, we will enter another period of productivinty and growth as the boomers die off - but that is a ways off.