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Agequake: Riding the Demographic Rollercoaster Shaking by Paul Wallace

By Paul Wallace

This is often the first-ever, actually international, indepth examine the large results of the demographic rolllercoaster and what it ability for employment, investments, new enterprise improvement, advertising and marketing and the industrial energy map of the area.

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47 Compared with Japan and Europe, the US has been relatively hospitable to immigration in the past 15 years. Yet even here, patience is wearing thin. Opinion polls have shown increasing opposition to current levels of immigration: by the mid-1990s, two-thirds of Americans favored lower immigration. This compares to a third holding this view in the 1960s and almost half in the mid-1980s. 48 What this suggests is that further increases in immigration flows are unlikely. If anything, the screws will be tightened to keep more immigrants out.

32 These economic disincentives to having children make a sharp rebound in fertility improbable. The cost of having children continues to rise. The educational bill spirals upwards, as does the opportunity cost for mothers who leave the workplace, especially now that women's earnings are approaching men's. The new home economics suggest that children are continuing to price themselves out of the market. Auf Wiedersehen, Kinder, Küche, Kirche The very persistence of low fertility also suggests that we have moved into a new regime and highlights the importance of changed attitudes.

The resulting boom in bond prices helped boost shares, which generally move in step with the bond market. The bond market has also benefited from the slowdown in the growth of the world's population after it reached a peak of about 2 percent a year in the late 1960s. The earlier acceleration in population increase contributed to the commodity price explosion of the 1970s as more and more young people entered the global economy. The subsequent deceleration has contributed to the commodity price declines of the past 15 years.

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