News for hackers. Stuff that matters.

A comment on U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected. Parent comment

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by wing-_-nuts on Thursday October 26, 2023 @11:12AM (#38026651)
Europe's demographics simply cannot support the size of their social safety nets. European countries are already relying more on immigrants, but immigration from central / eastern europe is already tapped out.

That only leaves you with immigrants from beyond the EU. Most of those who have any skills are going to try to get into the US. The ones that can't are probably going to try and get residency / citizenship in canada and get in via a TN visa.

Europe is left with the remainder, and unskilled migrants from cultures which frankly have a much harder time integrating into a western one. Over the long term it's a pretty dire situation.

[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by jonkoops on Thursday October 26, 2023 @12:33PM (#38028012)
> European countries are already relying more on immigrants

The birth rate in the US is 1.64, the EU average is 1.53. So this is almost equally true for the US, a country historically built on the backs of immigrants.

[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by spamizbad on Thursday October 26, 2023 @12:45PM (#38028208)
The chickens are going to come home to roost soon enough wrt America's population growth. Lots of talk about what happens when the Boomers have fully exited the workforce, but 30+ years down the road when Millennials follow them we're going to be in a similar situation as Europe/China. My hope is that we open ourselves up more.
[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by delfinom on Thursday October 26, 2023 @12:50PM (#38028284)
That's happening sooner than you think. We are in the boomer retirement wave. The peak is within 5 years. The tail end is in 10 years (from now).
[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by wing-_-nuts on Thursday October 26, 2023 @12:55PM (#38028366)
I don't have the stats in front of me, but when you factor in immigration the us is over 2.0 while Europe still lags.
[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by delfinom on Thursday October 26, 2023 @12:51PM (#38028300)
>Europe's demographics simply cannot support the size of their social safety nets

Neither can the US with social security, pensions and 401ks. All ponzi schemes created on infinite growth with the future generation paying off the last. The rate of pension bailouts by the Feds has been increasing even now.

[ Parent | on HN ]