CHART OF THE DAY: Secular Inflation Narrative, Anyone?
03/09/18 08:11AM EST
Editor's Note: Below is an excerpt and chart from today's Early Look.
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To make the generalized discussion above more tangible, here are the metrics of consequence referenced in the research:
- The working population in China and eastern Europe (aged 20–64) was 820 million in 1990 and 1,120 million in 2014, whereas the available working population in the industrialised countries was 685 million in 1990 and 763 million in 2014 (Graph 4). That represents a one-time increase of 120% in the workforce available for global production.
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