Abstract
The phenomena of slowing growth, maturation, and shrinkage have already defined the future shape of the nation's population, households, and labor force for the balance of the twentieth century. America's population will be maturing. Fewer additions to the household and labor force ranks will be evident between now and the turn of the century. The long wave of demography will affect, in a measurable way, every aspect of American life and business. The wave will subsequently require a reorientation of both private and public economic strategy.
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