The Importance of Youth Bouch in Western Societies

In the late 1960s and early 1970s Western societies experienced a very serious youth bouch. And that temporarily depressed the salaries of young people because there were just too many of them competing for jobs. But what was the missing factor? There was no popular emissoration. The wealth pump got turned on only in the 1970s. It has to had to work for, you know, several decades before it would create this. So if you talk to people who lived like my colleague, Jack Goldstone, who is also one of the co-authors of the theory that we're working on here grew up in California during 1960s. You know, there was no such desperation, edge of