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I still disagree. Your reasoning is out of date.......It does not matter if you agree, or if I agree, or if either or both of us disagree.... it's math. Math doesn't care what we think or feel about it. The math is that our birthrates are below replacement rate.
RE: "we are back to the high levels of the 1950s", how are you looking at this chart:
View attachment 67387743
and determining that the right end of the blue line is as high as the left end of the blue line?
At one time they predicted when the baby boomers of the 1950s reached retirement age, there would not be enough workers in the workforce.
Well ,most of the baby boomers of the 1950s reached the age when they may chose to retire.
Many chose not to retire and still actively work,
including my husband who with his brothers started a company in the mid1960s.
Another thing that was not predictable was the pandemic which unfortunately killed many of the elderly and also lowered our life expectancy.