The country’s aging population and low fertility rate jeopardizes the solvency of Social Security and the Medicare program, according to a new study by Brookings
The immigration crisis has become a recurring theme in social gatherings and political debates, and is the main issue of the U.S. presidential election. Amid this discussion, one certainty stands out: while it’s well known that migrants have a need to live in the United States, a study has highlighted that the country needs them too.
Twenty percent of U.S. workers were not born in the United States, and it is expected that in the near future more than seven million more migrants will be needed for the labor market. That’s according to a study by Brookings, which warns about how the higher-than-expected increase in pensioners following the Covid-19 pandemic will affect the U.S. economy.
As the baby boomer generation approaches age 80, two challenges are facing the U.S. economy: providing staff to care for the elderly and ensuring the solvency of Social Security and the Medicare program.
“The United States needs 7 million immigrants to keep the blood of the capitalist machine running or else it’ll have to add taxes to the rich 😱”
You know the ones who, at the same time, want to pay people to “support boomers” a non-livable wage are many of the same ones who need the boomers’ vote to stay in power… Something tells me the solution to both problems is in there… 🤷🏼♂️
Or ya know, pay people more
You know the ones who, at the same time, want to pay people to “support boomers” a non-livable wage are many of the same ones who need the boomers’ vote to stay in power… Something tells me the solution to both problems is in there… 🤷🏼♂️