bet365 coupon code drags down U.S. economy
September 07, 2022 09:10 Source: "bet365 coupon code Journal" Issue 2487, September 7, 2022 Author: Wang Youran/Compiler

  bet365 coupon code newspaper comprehensively reports from foreign media The Center for Economic Forecasting and Development at the University of California, Riverside, School of Business, released in August a report "The Demographic Dilemma: The Root of the U.S. Labor Shortage Is Slowing Population Growth" written by Christopher Thornberg, director of the center. Rather than the new coronavirus epidemic》。Reported,Slowing population growth is the biggest challenge facing the U.S. economy bet365 coupon code future。

Since the outbreak,Insufficient supply of supplies、Lack of timeliness continues to trouble American consumers、Businesses and Government,Epidemic prevention and control work and people’s daily lives have been deeply affected。Therefore,Governments at all levels should make repairing supply chains a top priority。However,Thornberg took a closer look at the supply chain and discovered,Except for a few special commodities such as crude oil,Many difficulties are mainly caused by labor shortage。According to data released by the U.S. Department of Labor in early July,There are 11.3 million job vacancies bet365 coupon code United States,Over 4 million more than January 2020,The turnover rate has also reached an all-time high。Lack of labor hinders the matching of supply and demand,Restricting economic growth。This situation exists in both the service economy and the real economy,The real economy is usually the main driving force of the supply chain。

It’s worth noting,The labor shortage bet365 coupon code United States is not caused by the epidemic,Nature will not ease as the epidemic subsides,The epidemic has only accelerated this process。Restrict travel、Non-essential institutions suspend operations and other epidemic prevention and control measures,Inspiring millions of Americans to do what they will inevitably do in a few years—retirement。In other words,The United States is facing a long-term population problem,Rather than a short-term cyclical issue。

The prime working-age population bet365 coupon code United States grew rapidly bet365 coupon code 1970s,The annual growth rate peaked at 2% bet365 coupon code mid-1980s。Afterwards,Due to the sharp drop bet365 coupon code birth rate,The growth rate of the prime working age population is declining rapidly。90s,Significant increase in immigration,Supplements the total population of the United States to a certain extent。But after entering the 21st century,Immigration growth has also slowed down。2018,U.S. unemployment rate drops below 4%,The first time since the late 1960s。Same year,There are more job openings than job seekers bet365 coupon code United States,First time bet365 coupon code past 20 years。current,The annual growth rate of the prime working-age population bet365 coupon code United States is only 1/10 of what it was 40 years ago。

Thornburg said,U.S. population data has shown the above trend for many years,But because this is a gradually forming trend,Never been the focus of policymakers or business leaders。Judging from the current data,The labor gap bet365 coupon code United States is difficult to fill in a short time。U.S. Census Bureau projections,The growth rates of the population aged 25-44 and the population aged 45-64 are 0 respectively.31% and 0.44%,And the growth rate of the population aged 65 and over is 1.55%。

In addition,The problem of labor shortage is seen throughout the United States,But it’s especially serious in California。Over the past few decades,California’s housing growth slows down,Tight housing supply ultimately limits population and labor force growth。The situation has become increasingly severe bet365 coupon code past two years,California’s population drops to less than 40 million,Far lower than demographers predicted。California Department of Finance estimates,California’s prime working-age population growth will nearly stagnate bet365 coupon code next 20 years。

According to Thornburg,The U.S. government needs to adjust its economic policy focus to adapt to changes bet365 coupon code economic environment。Ten years ago,Economic development strategy focuses on attracting new employers、Helping existing employers expand production。Present,Need to shift to worker-centered。For example at the federal level,Improve immigration policy,Allow more people to legally immigrate to the United States;At the state and local level,Expand housing supply to slow down outmigration;Government subsidies help employers invest in worker training and labor-saving capital and technology,To improve productivity、Encourage low-skilled workers to enter high-skilled occupations;Increase the income tax credit,Support workers to leave social assistance,Increase labor participation rate。

  (bet365 coupon code/Compiler)

Editor: Chen Jing
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