Demographics and economics are the base sciences for all public policy. There can be no understanding of the effects of public policy without a thorough analysis of the economics involved.
Auguste Comte is credited by many with first saying that “demographics is destiny.” And while some have challenged this adage it has proven itself true time and again. Demographics are particularly prescient today. Immigration, the long term viability or effects of Social Security, Medicare, retirement plans, future infrastructure needs, along with a host of other are all dramatically affected by future demographics patterns.