Aging Population Impact on Employment

An aging population refers to a demographic trend where a higher proportion of people are older, often due to longer life expectancies and lower birth rates. This shift impacts employment in several ways: it can lead to a shortage of workers in certain industries as older employees retire, potentially creating job openings. However, businesses may also face challenges in maintaining a skilled workforce. Additionally, older workers may bring experience and knowledge but could require different work arrangements. Overall, adapting to an aging workforce is essential for economic stability and growth.