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Declining birth rate would also reduce demand for labor, not just supply, no? Assuming that the relationship between population and demand for labor is linear (
by seisvelas 7y ago
Declining birth rate would also reduce demand for labor, not just supply, no? Assuming that the relationship between population and demand for labor is linear (probably isn't, I don't know economics).
- curryst 7y agoI think it's a delayed effect. As the populace ages, people who are retired (from when birthrates were higher) will make up a larger percentage of the total population. There's some existing info on this out there, but most of what I have seen focuses on how this will impact Social Security in the US.