The economic shock from the wake of covid is, in my view, primarily caused by early retirements in Advanced Economies. There is also the rising tide of on-shori

The economic shock from the wake of covid is, in my view, primarily caused by early retirements in Advanced Economies. There is also the rising tide of on-shoring, but I think it's still related to the initial shrinkages of labor in Eastern Europe and in China. I think that the changes in price from the lack of labor will be fairly wild, even though the change in laboring population will be fairly predictable. Please compare these graphs, unfortunately they are USA only but similar trends can be found in most Advanced Economies: 25-54 year olds in workforce - https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060 All ages in workforce - https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART (note the peak in the 2000's). Their difference is not caused by a surplus of children, but by a surplus of old. We are in for a very very bumpy ride.