Economist Calls This The 'Spooky Chart Of The Decade'

View this email online | Add newsletter@businessinsider.com to your address book
		Tech Science Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Monday, August 6, 2012 Economist Calls This The 'Spooky Chart Of The Decade' Dr. Constantin Gurdgiev, Adjunct Lecturer in Finance at Trinity College, Dublin, has a post up at the True Economics blog with what he calls "the spooky chart of the decade." It's a graph showing the imminent decline of the West's source of cheap labor — immigrants. The table plots a country's dependents as a percentage of the overall working age population over time — in other words, how many old folks the rest of us working stiffs are supporting. The red line shows the percentage for the developed world, which we've long known will face huge costs to support its elderly. But the green line is the scary part: around 2030, young immigrant workers who've flooded into developed nations to provide us with cheap labor will start having to support their own elderly back home. That means they'll either be sending a large percentage of their pay back home, or will stop coming to the developed world entirely.  As Dr. Gurdgiev writes, "Never say we haven't told you (Europeans) that abandoning family for the sake of social benefits and improved consumption of holidays is not a good idea, but it is even dafter when one thinks that the sources of cheap labour might just run out pretty soon... in and around 2010-2025..."    Read » Also On Money Game Today: STOCK RALLY CUT DRAMATICALLY IN FINAL SECONDS OF THE DAY: Here's What You Need To Know CITI: People Who Talk Trash About Stocks Usually Ignore 3 Key Points The Complete Story Of How Diamonds Are Mined Morgan Stanley Gives Four Reasons To Be Bullish On Gold Advertisement CHART OF THE DAY: The Scariest Jobs Chart EVER CHART OF THE DAY: European Yields Soared After Lackluster ECB Showing CHART OF THE DAY: Bill Gross's Long History Of Being Wrong About The Stock Market Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

If you believe this has been sent to you in error, please safely unsubscribe.