Question

The pool of young workers entering the workforce will shrink?

Answer 1

The pool of young workers entering the workforce will shrink because of demographic changes, decreased fertility rates, increased educational attainment, skills gap

Answer 2

The pool of young workers entering the workforce will shrink due to declining family sizes, an aging workforce, and increased pension costs.

Step-by-step explanation:

The pool of young workers entering the workforce is expected to shrink due to several factors:

1. Declining family sizes result in a smaller workforce for entry-level jobs, as there are fewer children and people of employment age.
2. The workforce is aging, with more professionals retiring, which further reduces the number of young workers.
3. Increased pension costs and a smaller population of younger workers to pay for them contribute to the economic impact.

These trends have implications for the economy, such as a shifting tax burden to fewer young professionals and the need for more revenues to support the healthcare of a larger population of senior citizens.