tag:blogger.com,1999:blog-8537995.post115037832764338922..comments2023-10-29T10:54:58.681-04:00Comments on Vox Baby: Wessel on Freeman on Labor Shortages and SurplusesAndrewhttp://www.blogger.com/profile/13514024573333057559noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8537995.post-1150474466899069912006-06-16T12:14:00.000-04:002006-06-16T12:14:00.000-04:00Prof. Samwick: you mention the "consumption needs"...Prof. Samwick: you mention the "consumption needs" of a large retired population. Are the Boomers the one´s driving our negative personal savings rate right now? If so, they are left with primarily the liquidity of their homes (most American´s largest asset) and the promised government benefits that have been called unsustainable many times over. Maybe what is necessary then gets redefined to Daniel Kahnhttps://www.blogger.com/profile/05574149369366197262noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1150393440231337542006-06-15T13:44:00.000-04:002006-06-15T13:44:00.000-04:00I agree that we will need every job we can get as ...I agree that we will need every job we can get as offshoring will reduce the high end and illegals will reduce the low end. Taxes will be higher and spending on military adventures will be lower but much of the cost will be exported through higher interest rates caused by greater borrowing. They will work because they have to. They aren't going to be able to retire on Social Security. <BR/><Anonymousnoreply@blogger.com