Strewth…..This just proves to me ….again….that economists should stop trying to manage any economy or make policy…. Please go back to your universities and stay there….



The issue is that we have an intrinsic amount of wealth and scarce resources to share and that we are in the age of over-supply of labor with at the last count the global labor supply growing twice as fast as we can create true economic wealth just to break even…



Also, we have 25% of the global population un or under employed and that rate growing, so how the heck with the population growing at 5% per year are we supposed to employ them so they can share in the wealth…



Globalization which was supposed to help to stave off poverty has increased 8 times since 1980 while global trade has only increased 3 times, so don’t expect this very inefficient wealth transferring machine to get this job done.



And, the western population has already wised up to this wealth transferring global trade game and open borders allowing migration are also going to close.



The only viable solution mainly for the rest not the west is significant birth control!