This week I recommend you to an interesting interview conducted by John Rosen on the Wall Street Journal website with the author of a new book called “What to expect when no one’s expecting”. You can find it here. The author, Jonathan Last, succinctly summarises many of the challenges facing the world as a result of low birth rates. We only have to look like countries like Greece to see that we can’t afford entitlements, for example, without a young working population paying taxes.
A piece in the Wall Street Journal gives more bad news for retiring baby boomers.
DEMOGRAPHY IS DESTINY
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