Type of Content: News

Subtype: Newspaper or Magazine Article

Resource Title: Fewer Working-age People may Slow Economy. Will it Lift Pay?

Publication Title: Associated Press

Publish Date: July 3, 2021

Globally, workforces in most other countries are also aging, including in China, which once seemed to offer an inexhaustible supply of workers. Japan’s population has shrunk for a decade.

Pradhan said that trend could potentially benefit American workers. Since the end of the Cold War in the early 1990s, hundreds of millions of people in China, Eastern Europe and India have joined the global workforce, thereby holding down wages for lower-skilled workers and keeping prices in check.

Fewer Working-age People may Slow Economy. Will it Lift Pay?

Resource URL: https://bit.ly/2UKqfRg