Economic Impact
The rate of growth for labor and capital is the most important determinant of economic expansion. An aging population and a contracting workforce may curb U.S. economic expansion for several decades, for example.
Read more about this topic: Labor Shortage
Famous quotes containing the words economic and/or impact:
“A different world can be created or re-created—but not until we stop enshrining the economic values of invisible labor, infinite and obsessive growth, and a slow environmental suicide.”
—Gloria Steinem (b. 1934)
“As in political revolutions, so in paradigm choice—there is no standard higher than the assent of the relevant community. To discover how scientific revolutions are effected, we shall therefore have to examine not only the impact of nature and of logic, but also the techniques of persuasive argumentation effective within the quite special groups that constitute the community of scientists.”
—Thomas S. Kuhn (b. 1922)