Ah, when the unemployment rate rocketed up, you were told it would fall as the baby-boom retires.
Well they have begun to retire and the jobless rate has fallen to lowest level in two years. NOW! it will continue to fall … probably until 2029 … in a few years, probably during the next presidential administration, unemployment will hit record lows – and, unless we modify our immigration laws, we might even see a labor shortage. The result will be an out-flux of technology and basic employment opportunities which will place problems associated with past international “outsourcing” look minor.
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