The native-born U.S. workforce began to shrink last year, and the entire projected growth between today and 2035 will be driven by immigration, according to a new analysis by the Pew Research Center.

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Data: Pew Research Center; Chart: Andrew Witherspoon / Axios

Why it matters: To get a sense of how an economy with a shrinking workforce performs, look no further than Japan. The size of its workforce peaked in 1998, and it has suffered through six different recessions since, compared to the United States' two. Not only is it harder to produce more wealth with fewer people, but the incentive for corporations to invest in the future is reduced when they know they'll have fewer potential customers tomorrow than they have today.

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29 mins ago - Podcasts

The art and business of political polling

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Axios Re:Cap digs into the polls, and what pollsters have changed since 2016, with former FiveThirtyEight writer and current CNN politics analyst Harry Enten.

Twitter launches warnings on election misinformation and delays

Photo: courtesy of Twitter

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3 hours ago - Science

NASA confirms water exists on sunny parts of the Moon

Photo: NASA/JPL/USGS

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