Another 5 to 7 million new jobs would need to be created at this moment just to return the economy to a fully-employed state. Of course, that is above and beyond the 1,500,000 new jobs needed every year going forward to accommodate new job seekers.
We need even more jobs to support the costs of social security and medicare, especially given this report: Human longevity has improved so rapidly over the past century that 72 is the new 30, scientists say.
Researchers at the Max Planck Institute for Demographic Research in Rostock, Germany, said progress in lowering the odds of death at all ages has been so rapid since 1900 that life expectancy has risen faster than it did in the previous 200 millennia since modern man began to evolve from hominid species. The pace of increase in life expectancy has left industrialized economies unprepared for the cost of providing retirement income to so many for so long
The study, published in the Proceedings of the National Academy of Sciences of the United States, looked at Swedish and Japanese men – two countries with the longest life expectancies today. It concluded that their counterparts in 1800 would have had lifespans that were closer to those of the earliest hunter-gatherer humans than they would to adult men in both countries today. Those primitive hunter gatherers, at age 30, had the same odds of dying as a modern Swedish or Japanese man would face at 72.
The increase in human life expectancy had been largely achieved 'by removing environmental shocks, by making injuries and illnesses less fatal with medical technology, and by enhancing health at older ages by improving nutrition and reducing disease at younger ages'. The findings are published in the journal Proceedings Of The National Academy Of Sciences.Posted by Jill Fallon at February 26, 2013 11:16 AM | Permalink