Demographics are one of the most important trends for business forecasting.  They are extremely predictable, and offer tremendous insight to future markets.  From the 1980’s onward it was clear there would be a demographic problem of aging in the developed world which would create conflicts as major countries started to suffer declining populations.  Yet, universally no developed country prepared for the situation.  And now we have repercussions – like too few workers in the USA for the number of open positions.

This podcast explores how Russia’s declining population led to annexing Crimea and invading Ukraine. China’s declining population has led them to build islands and military bases in the South China Sea, preparing for a take over of Taiwan.  Despite massive immigration to Europe, the continent’s population is declining – yet leaders in Italy, Germany and France are screaming to reduce immigration, while 1 in 5 people are retired and needing public services.  England’s economy is in the doldrums, yet the Prime Minister is trying to send immigrants to Africa.  And the American newswaves are awash in stories about “the crisis at the border,” while business people are screaming they have too few good candidates for jobs they desperately need to fill.

The trend toward globalization, declining worker protections and consistent economic growth are all being altered by predictable changes in demographics.  And the future will not look like the past.

America is at risk of becoming a failing economy, like Russia and Europe, unless we boost our population.  America desperately needs more immigrants for the jobs we have right now.  Letting politicians bog themselves down in minutia of “immigration reform” should not be tolerated.  We need immigrants now more than ever if we want to keep the American economy growing.  Look beyond the hyperbole to forecast needs, then adapt your business policies to find paths to growth do to this demographic trend transition.

Thinking Points:

• Do you know where you will source candidates for your company if you grow your revenues?
• Do you let a lack of candidates keep you from investing in growth?
• Do you avoid hiring Gen Z workers into your business?
• Have you taken any action, like contacting your member of Congress or your state Governor or state Congressperson, about simple immigration reform NOW?