North Point of View: Post COVID and Labor Shortages

You and I talked about this a few years ago. One of the videos about the slowing population growth rate. And I was lucky during most of my career, the population growth rate for the US was one to 2%. It was 2% and it dropped towards 1.41%. But that was enough to sustain GDP growth of 2 to 3 and a half percent. And so I could do a lot of good calculations based off of demographic growth. Look at Japan, they have positive GDP growth, but they have negative population growth.

Negative workforce growth is still shrinking. Japan is what I've been looking at the most and all the adaptation that they've had to do. The simple example is in Japan, they don't have enough medical people. We don't either but you go online in Japan and you say, I'm sick, and then the A.I. comes and this is ten years ago.

It's not just recent, not this A.I. bullshit, that we're talking about these few years. This goes back then because doctors are viewed as encyclopedias. You list the symptoms, the symptoms are consistent with these diseases. Then you ask a few more questions to narrow it down. And these last two diseases get the same medical treatment. Then it's reviewed by a nurse. And if the nurse isn't sure, they check with the doctor. But basically the nurse clicks the box and prescription sent to the pharmacy, and then the pharmacy then deliver it to your house. That's where we need to go.

#savannah #savannahrealestate #savannahga #wsj