By Jack Mintz, October 5, 2022Unlike interest rates or the weather, long-run demographic trends are highly predictable. With falling national saving rates, the saving glut and low real interest rates that have spurred investment will disappear. This trend will change, however, as stalled labour growth in high- and middle-income countries pushes up real wages, which will be good news for many workers. As seniors grow as a share of the world population, some countries will experience a labour boom as their numerous young people enter the workforce. Jack Mintz is the President’s Fellow at the University of Calgary’s School of Public Policy and Distinguished Fellow at the Macdonald-Laurier Institute.

Source: National Post October 05, 2022 15:52 UTC