Tuesday , April 29 2025
Home / Mike Norman Economics / Dr Cameron K. Murray – Three Economic Myths about Ageing: Participation, Immigration and Infrastructure

Dr Cameron K. Murray – Three Economic Myths about Ageing: Participation, Immigration and Infrastructure

Summary:
Cameron K. Murray is a left leaning economist who says excessive immigration is not good for societies. It is often said by liberals, that in western societies where there is a growing, aging population that isn't fully replacing itself they will need immigrants to do the work, and especially the care work. Not so, says David Cameron, in fact, countries with shrinking populations and aging populations are more productive. You can read his research below. Overview Population ageing due to longevity is one of the greatest successes of the modern era. However, it is widely thought to dramatically reduce workforce participation and overall output resulting in significant economic costs.This widely held view is wrong. Ageing countries have higher economic growth and the improved health and

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius

Cameron K. Murray is a left leaning economist who says excessive immigration is not good for societies. It is often said by liberals, that in western societies where there is a growing, aging population that isn't fully replacing itself they will need immigrants to do the work, and especially the care work. Not so, says David Cameron, in fact, countries with shrinking populations and aging populations are more productive. You can read his research below.


Overview

Population ageing due to longevity is one of the greatest successes of the modern era. However, it is widely thought to dramatically reduce workforce participation and overall output resulting in significant economic costs.
This widely held view is wrong. Ageing countries have higher economic growth and the improved health and longevity of older people increases their economic contribution.

High immigration is also thought to combat population ageing and be a remedy for these non-existent costs of ageing.

This is wrong. Low immigration can affect the age structure by helping to stabilise the population, but high immigration has almost no long-run effect besides increasing the total population level. This creates bigger problems in the future.

It is also widely thought that simply investing in infrastructure will accommodate high immigration and population growth at little cost.

This too is wrong.


Fresh Economic Thinking

Dr Cameron K. Murray - Three Economic Myths about Ageing: Participation, Immigration and Infrastructure

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *