Approaching the American Age
Approaching the American Age. I'm Greg Martin with today's Fruit Grower Report.
This year's Washington State Tree Fruit Association's Batjer address was delivered by geopolitical stategist, Peter Zeihan who took the assembled group on a trip through how place impacts financial, economic, cultural, political and military developments. He spent some time discussing the Boomers.
ZEIHAN: Now where are my boomers? People born 1946 to 1965, don't be shy. Hands up, hands up, yeah. You guys are a freaking Roman Legion. You are the largest generation as a percentage of the population in American history. There's 75-million of you and the problem with your generation, well, one of the problems with your generation, is that there's too many of you and so when you entered the workforce all those year ago you swarmed in, you took every job available but there weren't enough so a lot of you had to take jobs that were below your skill set.
That over supply of labor pushed down labor costs.
ZEIHAN: Now that you are moving into retirement you are facing a similar challenge. You're trying to get that last little bit of income out of your retirement fund, sock away that last little bit of cash while you still can which means that you have over-saturated every investment product in North America.
He goes on to says that the Gen X while being the smallest generation can't pick up all the tab for the boomers and that will fall to the Millennials. Interesting.
That's today's Fruit Grower Report. I'm Greg Martin on the Ag Information Network of the West.
