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The New DU. Reply #14: And each year 4-5 million Americans enter the workforce (12-15 million 2008-2010)
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pampango
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Sat Jan-22-11 06:51 PM
Response to Reply #11 |
| 14. And each year 4-5 million Americans enter the workforce (12-15 million 2008-2010) |
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And yet these 12 million don't devastate the economy any more than the 1 million immigrants. Why? Because each new person entering the workforce (no matter where they come from) not only provides labor (and represents competition for existing workers) but also creates demand for products and services that wouldn't have existed otherwise.
If you're making the case that our economy would be better off with 12 (or 15) million new workers (and consumers) every three years instead of 13 (or 16) million, you'll have to make the case. If fewer workers (and consumers) always made an economy stronger, Japan's economy would be much stronger than ours.
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