(Jim Hock) One of the fascinating things going on with our tough economy right now is the beginning of a huge demographic shift to millions of newly retired Americans. We've seen it coming for decades as we were told that when the baby boomers started to retire in masse that it would cause volatility in jobs numbers.
We also know that a growing economy requires more workers so not sure how much of thispercentage is retirements or people dropping out of the labor force. Here's a good article quoting Mark Zandi, one of the best economists out there.
My view is that it’s about 60% due to retirements and we're seeing a much worse impact in Europe and in Japan which are aging even faster than the US. What's your view?
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