Tuesday, August 27

This week The Economist has an uplifting (and economically right-leaning, but that's OK) take on the future of the United States, using demographics as a key indicator. (Sorry, it's pay-content: you'll have pick up the magazine to read the article.) While many (myself included) have for a long time viewed the U.S. as having reached the peak of its economic and political power, and now entering a state of decline, this article argues that the future population mix and growth trends for the country paint a more optimistic picture. Essentially the article asserts that our population is growing quite rapidly and evenly across ethnic groups, which is desirable compared to Europe's relatively stagnate growth. More importantly, however, our population will continue to be youthful 'round about 2050, hopefully leading to "lower labour costs … and a more entrepreneurial culture." And although increases in population bring with them an array of social problems, the U.S. certainly has the capacity (and hopefully the foresight) to intelligently accommodate the growth. In fact, it would do us all good to learn to live a bit closer together.

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