If Demographics Is Destiny, The Future Looks Difficult For Many Industrialized Economy's

This article quotes August Compte who stated that "Demography is destiny". It is certainly a better predictor of the future than economic models which exist to make weather forecasters look good in comparison. The implications of fertility rates below replacement rates, coupled with low immigration rates, has profound implications for most of Europe and several Asian countries. Fertility rates in the US are above the replacement rate and immigration (legal or illegal) is also positive. The age dependency rates in many of the largest industrial country's will have a huge impact on economic development and government spending programs.