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379: Do Human Cycles Drive Economic Cycles?

Wealth Formula by Buck Joffrey

CHAPTER

The Fourth Turning of the Economic Cycle

By 2020, the working age population in the entire high income world and emerging market world will be shrinking. This is the first time since Adam Smith wrote that we have had an effective global economy shrinking its demographic workforce. We're right there. It's happening right now, and it was accelerated by the pandemic. And the new cohorts coming into the workforce are very small.

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