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Wednesday, December 03, 2014

My Immigration Policy

First, the Boomer Generation:
... As of October this year, there has been an eightfold increase in the number of people on the waiting list for adult day health care and respite services like home-delivered meals and help with bathing and laundry — totaling 2,345 for Arizona and 425 in the tri-county area bordering California that includes La Paz County. The elder care crisis in far western Arizona is significant, professionals believe, since it may hold some clues to the demographic challenges faced by the United States as a whole in coming years as millions of members of the baby boom generation reach 65 at a rate of about 10,000 a day...
That's 10,000 a day, and some will leave the workforce and retire and start receiving Social Security benefits.

If we define the range of working age adult as 15+ to 64 (after Krugman), we are loosing an enormous number of workers and experience and savvy, and are increasing the burdens on benefits like Social Security and Medicare.

Second, my immigration policy would be to ensure that at least 2,000 - at least! - potential members of the workforce enter into the country per day during this same period, or - preferably - somewhat before the flood of retirees.

There will be FICA payments to continue funding Social Security, Labor will not become exceedingly scarce and thus skyrocket in cost (hopefully we get beyond our present phase of letting wages stagnate). There will be political effects, but where people are alive and vibrant, there is always politics.
It is only when there is no pie to slice that people cease to argue about how to divide it up.


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