More Perfect Labor Storm Facts #301 to 305

Fact #301:  The ratio of entry level wage earners to retirees has fallen from 9 to 1 in 1955 to 4 to 1 in 1995 to 2 to 1 by 2020.  (Source: Hudson Institute)

Fact #302:  In 1991 less than 24% of dentists were over age 54 and past their most productive years. (Source: American Dental Association)

Fact #303: By 2010 over 38% of practicing dentists will be older than 54, a 60% increase. (Source: American Dental Association)

Fact #304:  The labor market grew approximately 1.2 % a year in the 1990s.  From 2000 to 2010 is expected to grow only 0.8%.  From 2010 to 2020 growth declines to 0.4 percent and 0.2 percent from 2020 on.

Fact #305:   Active adults account for 60% of all healthcare spending.  They purchase 70% of all prescriptions and 51% of all over the counter drugs.


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Ira S Wolfe