The world isn’t having enough babies and that demographic shock will reshape the largest economies in the next decade.
  • Aniki
    1·
    4 months ago

    The labor market is a market. It is regulated by supply and demand. The good being traded for money is human labor.

    If supply goes down (fewer workers being born), prices go up; that means, higher wages.

    If supply goes up (more workers being born), prices go down; that means, lower wages.