theatlantic:

The Very Real Economic Dangers of an Aging America

In the future, U.S. growth will be slower. Recessions will be deeper. Recoveries will be weaker. And there’s exactly one thing to blame.
Demographics.
That’s the stark conclusion from James Stock and Mark Watson in this fascinating, and occasionally depressing, new paper. In fact, they say, the future is now. For the last few years, we’ve weathered the beginning of what demographers have called the grey tsunami. “Most of the slow recovery [in today’s job market] is attributable to a long-term slowdown in trend employment growth,” Stock and Watson write.
The authors blame two demographic demons for our uncertain future: (1) the plateau in the female labor force participation rate, and (2) the aging of the U.S. workforce. Their underlying logic is that without continued growth in female workers or a significant boost in population, employment and GDP growth will slow, leaving us vulnerable to recessions with “steeper declines and slower recoveries.” In such a future, jobless recoveries will be the only recoveries we know.
Read more. [Image: Peter Bell, Ryan Morris]

theatlantic:

The Very Real Economic Dangers of an Aging America

In the future, U.S. growth will be slower. Recessions will be deeper. Recoveries will be weaker. And there’s exactly one thing to blame.

Demographics.

That’s the stark conclusion from James Stock and Mark Watson in this fascinating, and occasionally depressing, new paper. In fact, they say, the future is now. For the last few years, we’ve weathered the beginning of what demographers have called the grey tsunami. “Most of the slow recovery [in today’s job market] is attributable to a long-term slowdown in trend employment growth,” Stock and Watson write.

The authors blame two demographic demons for our uncertain future: (1) the plateau in the female labor force participation rate, and (2) the aging of the U.S. workforce. Their underlying logic is that without continued growth in female workers or a significant boost in population, employment and GDP growth will slow, leaving us vulnerable to recessions with “steeper declines and slower recoveries.” In such a future, jobless recoveries will be the only recoveries we know.

Read more. [Image: Peter Bell, Ryan Morris]

Reblogged 2 years ago from theatlantic
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  15. mama-dot reblogged this from truth-has-a-liberal-bias and added:
    we need more women in the workforce! we are crucial to our economies survival. well how about that?
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  19. raybucklad reblogged this from theatlantic and added:
    What I’ve been saying for years now: you old fuckers are killing us.
  20. datanouveau reblogged this from sunfoundation and added:
    Great use of faceting here and avoids using two vertical axis, which would be a tempting for most people.
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    Interesting perspective on the economic effects of an aging America. The Very Real Economic Dangers of an Aging America...
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