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Re: U.S. Had Slowest Growth Rate in a Century

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 31 Dec 19 9:53 AM | 28 view(s)
Boardmark this board | The Trust Matrix 		Msg. 33503 of 54959
(This msg. is a reply to 33499 by clo)
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Amazing how little difference presidents make to growth rates, using GDP per head, constant dollars and purchasing power parity.

Sometimes they cock things up and have to get them back on track. Otherwise, GDP growth per head seems to create about the same amount of growth every year; which is to say a slightly diminishing rate per year as the denominator increases.

I guess with a diminishing population of boomers there's not such a pressing need to increase the number of workers as there used to be, economically-speaking. Especially as US mortality figures get worse.

So I agree. The choice is simply a moral one, based on US history as a country of immigrants.

https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=US




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The above is a reply to the following message:
U.S. Had Slowest Growth Rate in a Century
By: clo in ALEA
Tue, 31 Dec 19 3:03 AM 		Msg. 33499 of 54959

U.S. Had Slowest Growth Rate in a Century

Emma Tucker
Published Dec. 30, 2019 2:56PM ET

The United States population growth rate in 2019 was the slowest in a century due to declining births, increasing deaths, and immigration restrictions, according to a U.S. Census Bureau report released on Monday.

The nation’s population grew from 2018 to 2019 by almost 1.5 million people, which is the slowest rate since 1917 to 1918 during World War I, according to William Frey, a senior fellow at The Brookings Institution.

An aging population of Baby Boomers are responsible for the natural increase rate—the difference between the number of births and deaths—hitting below 1 million. “With the aging of the population, as the Baby Boomers move into their 70s and 80s, there are going to be higher numbers of deaths,” Frey said.

Migration to the U.S. reached 595,000 people from 2018 to 2019, in a major decrease from one million in 2016, according to population estimates.

Frey said the drop is due to Trump’s restrictions on immigration combined with the U.S. posing to have fewer economic opportunities.

Read it at AP News

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