Quote:
Originally Posted by Frank Lee
It's all tied to the population. If the pop is growing, then the economy should grow too if each individual is to enjoy prosperity at least equal to the predecessors. If the pop is stable, there is no need for economic growth, if the level of prosperity had been sufficient. And it follows that if the pop declines, the economy can decline too without imposing sacrifice on individuals.
Of course there is more to it than that.
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I'm not trying to be a smart arse, I'm just inquiring as to your theory -- to learn about it.
So, you're proposing that we force ourselves into more of a flat population growth like Europe. Problem is, that's a tall task for the U.S.
We don't have the education system to compete in the World market (without major reforms). Many jobs in Europe are in the service sector. The UK has 73% of their jobs in this division. That means financial services, etc.
I'll be honest, this is really getting beyond my expertise. From what I've studied, the U.S. has an expectation to at least get to the point we were in say, 1999. The existing population will continue to grow based on religious, traditional, and patriotic reasons.
With that, the mindset likely won't change in our lifetime. So, there lies the conundrum. We cannot sit idly by.
-Rick