On Sun, 07 Sep 2003 17:21:09 GMT, "Ed Huntress" wrote:
"jim rozen" wrote in message
...
take GDP growth of over 4% just to stand still in terms of jobs.

The question is, can the gdp grow that much, when the
domestic market is shrinking from loss of wages?

It could. We tend to wish and buy our way out of recessions. We could do it
again.

However, there will be fewer people doing it, although they'll have a lot of
money in their pockets.

It is worth noting that the US workforce is shrinking. More people are
retiring than entering the workforce. This caused a net shrinkage of
the workforce of half a million workers during the first half of this year.
It would have been even greater except for the unprecedented number
of illegals entering the US. As the Baby Boomers reach retirement age,
this trend will accelerate.

So we can expect fewer workers to be chasing jobs in the future.
And that means we'll need fewer jobs created to satisfy them.

Gary