In one of the last paragraphs of my previous posting, I wrote:
Say, the labor force will grow at 4% per year in the future and per-capita income at 1%.
I meant:
"Say, the POPULATION will grow at 4% per year in the future and per-capita income at 1%." Doug's figure is per capita, not per worker. Not that it makes much of a difference.
Julio
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