Friday, July 7, 2017

Stork failure


A massive influx of refugees from the Middle East appears unlikely to provide the economic boost the continent needs as it contends with an aging population and low birth rates.
Europe is aging. Its fertility and mortality rates are decreasing as its life expectancies increase. In Germany, the median age is almost 47; in Italy, 45; in Austria and Greece, 44. By 2030, it is predicted that the share of Germans in the labor force will drop seven percentage points. By 2050, only 11.5 percent of Portugal’s population is projected to be under the age of 15, while 18.8 percent of Italy’s is to be older than 65.
Entitlement taxes kill families. 

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