The demographic cycles are driving these secular trends. For example, the population boom in 1950. Economy booms as they pay to grow a family and it contracts when their children enter the workforce because this creates excess labor supply. And so on.
The demographic cycles are driving these secular trends. For example, the population boom in 1950. Economy booms as they pay to grow a family and it contracts when their children enter the workforce because this creates excess labor supply. And so on.