chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
When I ER and exit my job. Someone will replace me that is looking for a job. It seems to me that I am helping out someone that need to find work.
I will be spending my savings to buy goods and services. My job replacement will be doing the same. This increases consumer spending.
I am creating a job opportunity for somebody out there and helping boost our economy by spending.
I suppose there is a possible downside (potential for inflation).
But, [tongue in cheek] couldn't we make convincing argument that ER is a selfless act...
On a more serious note: it seems that every boomer that retires over the next several years will help to achieve full employment and eventually a shortage in the labor force.
http://www.bostonherald.com/business/general/view.bg?articleid=1241474&position=1
Combine Boomers retiring which requires replacement workers for their jobs and the healthcare boom to serve the additional 30mm americans that now have health care... America is likely to need to increase immigration to meet labor needs
I will be spending my savings to buy goods and services. My job replacement will be doing the same. This increases consumer spending.
I am creating a job opportunity for somebody out there and helping boost our economy by spending.
I suppose there is a possible downside (potential for inflation).
But, [tongue in cheek] couldn't we make convincing argument that ER is a selfless act...
On a more serious note: it seems that every boomer that retires over the next several years will help to achieve full employment and eventually a shortage in the labor force.
http://www.bostonherald.com/business/general/view.bg?articleid=1241474&position=1
Combine Boomers retiring which requires replacement workers for their jobs and the healthcare boom to serve the additional 30mm americans that now have health care... America is likely to need to increase immigration to meet labor needs