I’ve been talking in macro classes for several years about how a lot of the weakness in our economy is due to baby boomers starting to retire in large numbers.
Check out this piece from Marketplace. You can either read the transcript or click through and listen to the podcast. The topic is Trump’s claims about what his proposals will do for economic growth. But I’m posting about it here for a small detail. One of the interviewees describes the baby boom as a “pig in the python” that’s been working it’s way through our economic system.
You’ve probably all seen pictures of snakes after a big meal. ‘Nuff said. But the metaphor is that many national labor statistics look the same way.