July 27, 2011

TIME TO UNDO THE DAMAGE PETE WILSON DID:

California's future homeowners: California increasingly will need immigrants and their children to fill the jobs and buy the homes vacated by aging baby boomers. (Peter Schrag, July 27, 2011, LA Times)

Four years ago, USC demographer Dowell Myers predicted, in effect, that in the not-too-distant future Americans might be worrying less about too many illegal Mexican immigrants than about the education and training of those already here.

Who, Myers asked in his book, "Immigrants and Boomers: Forging a New Social Contract for the Future of America," will fill the skilled jobs held by the millions of retiring baby boomers in the decades ahead? Who will be able to buy their homes?

Myers' answer: For a large percentage of those retirees, their replacements will have to come from among immigrants and their children, the people who will compose the largest part of California's working-age and home-buying population, and an increasing part of the U.S. population as well. At the same time, the sharp decline in the Mexican birthrate of the past generation will slow the growth of that country's labor force and reduce the pressure to emigrate. In another decade or two, we may need more people of working and home-buying age than we've got.

Newly compiled census data on California homeownership, combined with recent economic and demographic reports from Mexico and the United States, confirm both points.



Posted by at July 27, 2011 6:17 AM
  

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