Re:If the number of children is not growing, why is the popu...
by whatshisface on Wednesday May 29, 2019 @07:43AM
(#20038920)
That's a humongous assertion about the US economy and not at all in line with the data. Construction is only 4.0% of the GDP, and the lump of finance and real estate (renting, reselling mixed in with the entire stock market) is 20%.
>The economy of N. America depends on building cheap housing, to attract more immigrants, so they can work building housing, to sell to new immigrants.
As described, that would fall into the 4%.
Re:If the number of children is not growing, why is the popu...
by smaddox on Wednesday May 29, 2019 @11:03AM
(#20041002)
The housing market is not really what drives the economy. It is where a massive amount of credit has been funnelled in the last few decades, though. We do need to change how our macro-economy functions, but unfortunately politicians and most of the economists advising them are oblivious to the critical role that credit plays.
It turns out the oceans are the opposite of robust, for how large they are.
The economy of N. America depends on building cheap housing, to attract more immigrants, so they can work building housing, to sell to new immigrants. I have nothing against immigrants. Just pointing out how the economy really works, despite what a small handful of people in a booming (but slowing) tech sector feel about what drives the economy - it's the housing market.