The Nation - Selected Editorial

[Fellows, Jeffrey]

Is there any research that examines or posits a minimum (for social
stability) long-term productivity growth rate? I have problems believing
the 1% rate used by the SSA, especially since a 2% rate may aleviate
most, if not all, of the shortfall problem. Also, it seems that a
significant proportion (perhaps 30%) of the hypothesized 1% growth rate
would be eaten up by changes in the age composition of the US
population.

Does anyone know of anyone doing work in this area?

Jeff

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From: Tom Lehman
To: lbo-talk at lists.panix.com
Subject: The Nation - Selected Editorial
Date: Monday, July 20, 1998 12:13PM

Dear Doug and the Left Business Observers,

The great liberal hope sort of shot himself in the foot in the next to
the last sentance of this editorial.  No mention of raising the
contribution level above $68,400.  No mention of the pessimistic
projections being an understatement---the end of the world as we know it
might be a better way to describe the actuaries projections on the
Social Security trust fund!
Sincerely,
Tom
http://www.TheNation.com/issue/980727/0727WELL.HTM

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