Thanks to Aron Sora, a recent high school graduate who blogs at habitationintention.blogspot.com for his intriguing comment about his and other young people’s future:
I’m going to graduate from college in 2013, just in time for the Maslow window. I want to be an active participant in the next window … I just feel really lucky about my birth date since it will lead to me having a undergrad degree two years before the window or a doctoral degree about mid-way.
The next Maslow Window should open near 2015, and trigger a New Space Age for young people! Click .
1) Let me reiterate that there is every reason to believe that the 2015 Maslow Window will open approximately on time, based on the last 200 years of Maslow Window timings and current data. I’ll give a brief summary here with more to come soon.
U.S. unemployment recently reached 9.5% and the prediction market Intrade projects, at the 80% level (up from 50% in April), that it will surpass 10% by December, 2009. Although “casting doubt on prospects for the U.S. economy to soon rebound,” (Wall Street Journal, 7/3/09), this is still a long way from the devastating unemployment rates during the Great Depression (25% in 1933 to 17% in 1939).
Although Jeffrey Frankel, a Harvard economist, is “expecting the recovery to be a slow one,” (WSJ, 7/3/09), another Harvard economist — Robert Barro — who has examined data on recessions back to 1870 for the U.S. and 33 other countries, says there is only a 20% chance that our current crisis will result in a GDP decline of 10% or more (a major depression has 25% decline).
Akerloff and Shiller (2009) see current parallels with the Panic of 1893 and its major recession; e.g., “U.S. unemployment rose to 12.3% in 1894, peaked at 12.4% in 1897, and did not fall below 10% untill 1899.” However, the 1890s recession was followed by a time of “sustained prosperity” (Fischer, 1996) that we know of as the Peary/Panama Maslow Window (~1903-1913), one of the most ebullient decades in the history of the United States.
The fact that — over the last 200+ years — no Maslow Window has ever been delayed or in any observable way diminshed by a financial panic or recession, plus the special parallels with the “1893 to 1913 Panic – Recession – Maslow Window” experience , suggest the 2015 Maslow Window will open on time. (More to come in future posts.)
2) 1930 was a good birth year for future Apollo astronauts. What about the first Mars explorers?
It’s true. The entire Apollo 11 crew — Armstrong, Aldrin, Collins — was born in 1930, as were many others. An incomplete list includes Tom Stafford (Apollo 10), Pete Conrad (Apollo 12), Ed Mitchell (Apollo 14), Jim Irwin (Apollo 15), and John Young (Apollo 16), etc.
The irony is that they had to be born during the Great Depression to be chronologically positioned for the long wave as it ascended into the unparalleled economic boom of the 1960s Apollo Maslow Window. These and most other Apollo astronauts were born about 40 years before they went to the Moon (1969-72).
Using this model, and assuming the 2015 Maslow Window will culminate near 2025, the Apollo astronaut analogs — possibly the first Mars explorers — were born near 1985; they’re called “Millennials.” They graduated from high school near 2002 and college near 2006; some will get PhDs soon.
Like their Apollo analogs, the Millennials are positioned for their approaching Maslow Window (near 2015) but have less in common with them than you might expect. For example,
a) the Millennials have not experienced a major international war as destructive as WW II or Vietnam, and
b) the Millennials are affected by the Panic of 2008 and the current major recession in the decade before their Maslow Window, which did not occur prior to the 1960s Apollo Maslow Window.
Thus it’s interesting that the Millennials’ general life experience, as we approach their Maslow Window during a major recession, may have some key elements more in common with the polar explorers of the Peary/Panama Maslow Window than with the Apollo explorers of the 1960s. Remember also that although pre-Maslow Window financial panic/recessions are the rule over the last 200 years, they are not required to produce a Maslow Window as shown by the 1960s Apollo Maslow Window.
3) When’s the best time to be born?
Many good things and bad things happen near peaks of the energy cycle, about a decade after the Maslow Window begins. The exact timing varies with the specific Maslow Window over the last 200 years but, in general, Maslow Windows are usually terminated by a rapid decline in the economy and/or a major war.
The biggest challenges will be experienced by young people who leave school and come into the world looking for their first real economic opportunity (i.e., job) near the culmination of the Maslow Window. That often occurs around the age of 20. So based on this Maslow Window model, a good rule of thumb is: Think twice about being born about 20 years before an energy cycle peak.
At the most vulnerable time in your professional life, you will be impacted by the abrupt end of a major economic boom and you may be caught up in a major war. Although many are able to “turn lemons into lemonade” you should be aware that these twice-per-century challenges can be formidable. Perhaps the worst aspect is that you’ll be too young to personally participate in the great explorations or MEPs of your Window. And after 10 years of watching them, when you finally are old enough to join the fun, it will all end. We’re talking here about people born between about 2000 and 2010 (they may not be reading this yet!), between 1945 and 1955, and between about 1888 and 1898 (also probably not reading this).
It’s much better to be 20 years or older as the Maslow Window begins. As you emerge into the economic world the long boom will be fully warmed up. Almost anything you do will be profitable. And the ebullience of the Maslow Window will make you feel like it will never end. Of course it always does in about 10 years, but by then you’ll be better established in your career and less vulnerable to the slings and arrows of outrageous fortune — of the economy and the world. Remember the Apollo astronauts were about 30 as their Maslow Window opened, and as more mature people go into space, even being 40+ might be OK; e.g., in 1971 Alan Shepard became the oldest person to walk on the Moon at 47, and in 1998 John Glenn became the oldest human to fly into space at 77. To optimally participate and prosper from the last 3 Maslow Windows (including the 2015 Window), it was best to be born between about 1975 – 2000, 1920 – 1945, and 1863 – 1888.
Although these rules of thumb are broadly consistent with the last 200 years of macroeconomic data and historical trends, they are only approximate and are subject to many exceptions. For example, if you were born during “sub-optimal times,” having supportive parents or being a resourceful person can make up for many challenges associated with the long wave.
But if you’re secretly holding out hope that the lessons of the last 200+ years regarding Maslow Windows and long waves will magically melt away, don’t bet on it. For example, the stunning MEP trio of the Panama Canal, Apollo program, and the International Space Station illustrate the power of the long wave. Amazingly, neither Ferdinand de Lesseps nor President Ronald Reagan — both brilliant leaders about 100 years apart — could make their MEPs materialize during unfavorable portions of the long wave. While Presidents Theodore Roosevelt and John Kennedy became heroes for successfully initiating the Panama Canal and Apollo program during their respective Maslow Windows. And even the Clinton/Bush ISS has recently become known as an “international marvel” as we approach another Maslow Window. The moral of the last 200+ years regarding great explorations and macro-engineering projects is: “great leaders help, but the economy rules.”
In any case, if you’re thinking about having kids this year, and plan to be supportive parents … go ahead!! The economic recovery should begin next year and, although it may be followed by a few years of sluggish growth, we should return to the rapid growth levels of 2007 relatively soon. The long-awaited 2015 Maslow Window will open on time. And remember, history shows that whether you do experience a financial panic/recession just before your Maslow Window (e.g., 1903-1913; or 2015-2025) or whether you don’t (e.g., 1959-1969), your Maslow Window will be spectacular.
As for Mr. Sora, who just graduated from high school and was born in 1991, he is a Millennial and is well chronologically positioned to be about 24 when the next Maslow Window begins. Nice birthdate Aron, work hard and enjoy your Maslow Window!